PepsiCo Canada will achieve 100 per cent renewable electricity target in 2023 from Canadian sources

MISSISSAUGA — Every megawatt-hour of electricity used to make PepsiCo products, will soon be matched with renewable energy from Canadian sources. All of PepsiCo Canada’s owned operations will leverage Canadian renewable energy, with the company’s commitment to purchase enough renewable energy (RE) to match 100 per cent of its operations starting in 2023.

The Canadian operations transition will secure the benefits of over 160,000 megawatt-hours (MWh) of electricity from renewable sources annually. In addition, the shift to sourcing renewable electricity will help offset the climate impacts of the company’s electricity usage.

PepsiCo has set an ambition to reach net-zero emissions by 2040, and Canada’s shift to RE helps advance progress toward that global goal, with over 70 per cent of PepsiCo’s direct operations meeting its global electricity needs with renewable sources.

PepsiCo Canada will reach this target through a Virtual Power Purchase Agreement (VPPA) with a subsidiary of TransAlta for a new wind farm in Alberta and the purchase of Canadian Green-e certified renewable energy certificates (RECs) from other Canadian wind sources. The 12-year partnership with TransAlta includes the Hanna, Alberta-area Garden Plain Wind Project; a 14,000-acre plot of land that is expected to produce 130 megawatts (MW) of wind power per year. As the company transitions to more renewable energy sources, its diversified energy portfolio will aim to invest back into the Canadian market.

“We’re incredibly proud to share that we’re on track to achieve our goal of sourcing 100 per cent renewable electricity,” said Chris Johnson, National Engineering and Sustainability Senior Manager, PepsiCo Canada. “This is just another step forward in our journey to build a more sustainable food system and ultimately, building a more circular economy in Canada with renewable electricity generated right in our own backyard.”