Potential offtaker

Coca Cola European Partners

Estimated electricity consumption

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Coca Cola European Partners (CCEP) is a leading bottling company that operates in the non-alcoholic beverages sector. The company is headquartered in Uxbridge, United Kingdom, and has operations in 13 countries across Europe. CCEP has a rich history, dating back to 1899 when the first Coca-Cola was bottled in France. Today, the company is the world's largest independent Coca-Cola bottler, with over 50 bottling plants and more than 25,000 employees.

CCEP is committed to sustainability and has set ambitious targets to reduce its carbon footprint. The company has pledged to reduce its carbon emissions by 30% by 2030 and to become a net-zero carbon business by 2040. To achieve this, CCEP is focusing on decarbonisation, corporate energy, corporate PPA, and renewable energy.

Decarbonisation is a key strategy for CCEP to reduce its carbon footprint. The company is investing in energy-efficient technologies and processes to reduce its energy consumption and emissions. CCEP is also working to reduce the carbon intensity of its products by using more sustainable ingredients and packaging materials. The company has set a target to reduce the carbon footprint of its products by 25% by 2025.

Corporate energy is another important focus area for CCEP. The company is working to increase its use of renewable energy and to improve the efficiency of its energy use. CCEP has set a target to source 100% renewable electricity for its operations by 2025. To achieve this, the company is investing in renewable energy projects, such as wind and solar, and is also exploring the use of new technologies, such as hydrogen fuel cells.

Corporate PPA (Power Purchase Agreement) is a mechanism that allows companies to purchase renewable energy directly from producers. CCEP has signed several corporate PPAs with renewable energy producers to increase its use of renewable energy. In 2020, the company signed a 10-year PPA with Lightsource BP to purchase renewable electricity from a solar farm in Spain. This agreement is expected to provide CCEP with 18% of its total electricity needs in Spain.

Renewable energy is a key component of CCEP's sustainability strategy. The company is investing in renewable energy projects, such as wind and solar, to increase its use of renewable energy. CCEP is also exploring new technologies, such as hydrogen fuel cells, to further reduce its carbon footprint. The company has set a target to source 50% of its electricity from renewable sources by 2025.

CCEP's sustainability strategy is not only good for the environment but also for the business. The company's focus on sustainability has helped to reduce its costs and improve its efficiency. For example, by investing in energy-efficient technologies and processes, CCEP has reduced its energy consumption and saved on energy costs. The company's use of renewable energy has also helped to reduce its exposure to volatile energy prices.

In addition to its sustainability efforts, CCEP is also committed to social responsibility. The company has a number of initiatives to support local communities and to promote healthy lifestyles. For example, CCEP has launched a program to promote physical activity and healthy eating among young people. The company has also partnered with local organizations to support community projects, such as clean-up campaigns and recycling initiatives.

In conclusion, Coca Cola European Partners is a leading bottling company that is committed to sustainability and social responsibility. The company's focus on decarbonisation, corporate energy, corporate PPA, and renewable energy is helping to reduce its carbon footprint and improve its efficiency. CCEP's sustainability strategy is not only good for the environment but also for the business, as it has helped to reduce costs and improve efficiency. The company's commitment to social responsibility is also commendable, as it is helping to support local communities and promote healthy lifestyles.