AMP-Europe Signs Virtual Power Purchase Agreement With BNZ In Portugal
Portfolio Pulse from Benzinga Newsdesk
AMP-Europe has signed a virtual power purchase agreement (vPPA) with BNZ in Portugal, set to begin in 2026 for 12 years. This agreement will secure 146 GWh per annum of renewable electricity certificates, offsetting about 50% of AMP-Europe's energy consumption in Europe.
October 16, 2024 | 11:05 am
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POSITIVE IMPACT
AMP-Europe's new vPPA with BNZ in Portugal will provide 146 GWh of renewable energy annually, offsetting 50% of its energy consumption in Europe starting 2026.
The vPPA is a significant step for AMP-Europe in reducing its carbon footprint and securing renewable energy, which aligns with global sustainability trends. This could positively impact AMBP's stock as investors favor companies with strong sustainability commitments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80