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Colgate-Palmolive Partners with Scout Clean Energy for 209MW Solar Farm to Achieve Renewable Energy Goals

ESGColgate-Palmolive Partners with Scout Clean Energy for 209MW Solar Farm to Achieve Renewable Energy Goals

Colgate-Palmolive has entered into a 20-year virtual power purchase agreement (VPPA) with the developers of a forthcoming solar energy farm near Waco, Texas. The Markum Solar Farm, a 209-megawatt project by Scout Clean Energy, is set to generate the equivalent of 100% of Colgate’s operational electricity needs in the United States.

Construction of the solar farm is scheduled to commence in the fall of 2023, with completion expected by the end of 2024. It will produce clean energy for the ERCOT grid, powering approximately 32,200 homes.

Through this VPPA, Colgate will acquire clean energy credits, helping the company advance toward its goal of achieving net-zero carbon emissions by 2040. Colgate was the first large multinational company in the Consumer Durables, Household, and Personal Products sector to have its Net Zero Carbon targets approved by The Science Based Targets initiative (SBTi), a milestone announced during Climate Week NYC in 2022.

As part of its 2025 Sustainability & Social Impact Strategy, Colgate has already implemented four on-site solar installations at its facilities in Turkey, South Africa, Argentina, and Brazil in 2022. This adds to the existing 17 Colgate locations with on-site solar installations. As of December 31, 2022, approximately 52% of Colgate’s global electricity consumption was sourced from renewable energy.

 

By FCCT Editorial Team freeslots dinogame telegram营销

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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