- Through this contract, Enel Green Power Guatemala (EGPG) will supply Coca-Cola ABASA, Coca-Cola FEMSA and Coca-Cola Los Volcanes with 28.6 GWh/year of 100% renewable energy from its hydro assets for two years
- The renewable energy supplied under this agreement is equivalent to planting 420,000 trees or avoiding the emission of 92,211 tons of CO2 into the atmosphere
Guatemala, February 25th, 2022 – Enel Green Power Guatemala ("EGPG"), the renewable energy subsidiary of the Enel Group ("Enel") in the country, signed a power purchase agreement (PPA) with the three bottlers of Coca-Cola brand products in Guatemala (Coca-Cola ABASA, Coca-Cola FEMSA and Coca-Cola Los Volcanes) for the annual supply of 28.6 GW/h of renewable energy over the next two years.
“At EGPG we have the experience and efficient technology to meet the specific needs of large-scale companies and sectors for the development of the country. Working hand in hand with these three companies is an opportunity to ratify our commitment to the energy transition, delivering renewable energy and adding allies who share our vision of sustainability,” commented Bruno Riga, Head of Enel Green Power Central America.
Gabriela Arias, Manager of Corporate Affairs representing the bottlers of the Coca-Cola System said: “For us, this agreement is in line with our vision of sustainability, reaffirming the commitment to find key alliances that help us maintain the goal of using 100% renewable energy in manufacturing processes. Enel Green Power is without a doubt the strategic partner and our green enabler with whom we share the same objectives.”
The renewable energy supplied under this two-year agreement allows progress in decarbonization and is equivalent to planting 420,000 trees or avoiding the emission of 92,211 tons of CO2 into the atmosphere. This is one more step in the commitment of these companies to the United Nations 2030 Sustainable Development Agenda, to counteract climate change with sustainable actions.
Furthermore, the renewable energy delivered under the contract will be certified with the delivery of the International Renewable Energy Certificates (I-RECs), an internationally recognized tool for compliance with the Sustainable Development Agenda, thus adding an element of differentiating value.
The three companies embrace very strong sustainability strategies that put the planet, communities, and people first, cementing this agreement as a definitive step in addressing the challenge of the global climate crisis.
EGPG has developed the technical and human capabilities to add value to its clients' business and respond to their needs. In the region, as in the rest of the world, Enel Green Power plays a fundamental role in leading the energy transition and helping its business partners on five continents to achieve their sustainability goals.
Enel Green Power®, within the Enel Group, develops and operates renewable energy plants worldwide and is present in Europe, the Americas, Asia, Africa and Oceania. A world leader in clean energy, with a total capacity of around 54 GW and a generation mix that includes wind, solar, geothermal, and hydroelectric power, Enel Green Power® is at the forefront of integrating innovative technologies into renewable energy plants.
Enel Green Power Guatemala has been operating five hydro plants in Guatemala for 18 years, with a combined installed capacity of 164 MW. The plants are located in the departments of Baja Verapaz (Matanzas - 12 MW, San Isidro - 4 MW), Quetzaltenango (El Canadá - 47 MW, Montecristo - 13 MW) and Quiché (Palo Viejo - 87 MW); since the end of 2020, the generation of these plants has been centralized through the energy marketer Enel Green Power Guatemala, making it a vehicle to provide renewable energy to end customers such as large users, in addition to enabling comprehensive technical solutions for operation of each of their clients.
EGP has been the marketer with the highest growth in 2021 within the Guatemalan wholesale market and has proven to be the renewable partner of important companies that share the vision of the energy transition. EGPG operates under the Creating Shared Value (CSV) model, which seeks to combine commercial development and the needs of the local community, promoting various initiatives for the benefit of residents in the areas of influence of hydroelectric plants.
About Coca-Cola, The Coca-Cola Company (NYSE: KO) is a total beverage company whose offerings of more than 500 brands reach consumers in more than 200 countries and territories. In addition to Coca-Cola brand beverages, our portfolio includes some of the world's most valuable beverage brands, such as AdeS plant-based beverages, Ayataka green tea, Costa coffee, Dasani waters, and Del Valle nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, innocent smoothies and juices, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater, and coconut water Zico. We continually innovate our portfolio through actions that range from reducing the amount of sugar in our beverages to introducing new products to the market. We also work to reduce our environmental impact by replenishing water and promoting recycling. Together with our bottling partners, we employ more than 700,000 people, bringing economic opportunity to local communities around the world.