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Ardagh Metal Packaging-Europe enters Portuguese renewable energy market, securing deal with BNZ

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Ardagh Metal Packaging-Europe (AMP-Europe) has signed a virtual Power Purchase Agreement (vPPA) with BNZ in Portugal, set to commence in 2026 for 12 years. This agreement will secure 146 GWh p.a. of renewable electricity certificates, expected to offset approximately 50% of AMP-Europe's continental energy consumption. Schneider Electric supported AMP-Europe in the project selection and vPPA negotiation.

This latest vPPA follows a solar energy agreement secured in Germany earlier this year with Sunnic Lighthouse GmbH. AMP-Europe aims to meet its target of 100% renewable electricity by 2030. The collaboration with BNZ aligns with AMP-Europe's commitment to accelerating a clean energy transition and marks a significant milestone in expanding their vPPA portfolio in Europe.

Ardagh Metal Packaging-Europe (AMP-Europe) ha firmato un Accordo di Acquisto Virtuale di Energia (vPPA) con BNZ in Portogallo, che inizierà nel 2026 per 12 anni. Questo accordo garantirà 146 GWh all'anno di certificati di elettricità rinnovabile, previsto per compensare circa il 50% del consumo energetico continentale di AMP-Europe. Schneider Electric ha supportato AMP-Europe nella selezione del progetto e nella negoziazione del vPPA.

Questo ultimo vPPA segue un accordo sull'energia solare siglato in Germania all'inizio di quest'anno con Sunnic Lighthouse GmbH. AMP-Europe punta a raggiungere l'obiettivo del 100% di elettricità rinnovabile entro il 2030. La collaborazione con BNZ si allinea con l'impegno di AMP-Europe per accelerare una transizione energetica pulita e segna un'importante pietra miliare nell'espansione del loro portafoglio vPPA in Europa.

Ardagh Metal Packaging-Europe (AMP-Europe) ha firmado un Acuerdo de Compra de Energía Virtual (vPPA) con BNZ en Portugal, que comenzará en 2026 y tendrá una duración de 12 años. Este acuerdo asegurará 146 GWh al año de certificados de electricidad renovable, que se espera que compensen aproximadamente el 50% del consumo energético continental de AMP-Europe. Schneider Electric apoyó a AMP-Europe en la selección del proyecto y en la negociación del vPPA.

Este último vPPA sigue a un acuerdo de energía solar logrado en Alemania a principios de este año con Sunnic Lighthouse GmbH. AMP-Europe tiene como objetivo alcanzar el 100% de electricidad renovable para 2030. La colaboración con BNZ se alinea con el compromiso de AMP-Europe de acelerar la transición hacia una energía limpia y marca un hito significativo en la expansión de su cartera de vPPA en Europa.

아르다그 메탈 포장 유럽(AMP-Europe)은 포르투갈의 BNZ와 가상 전력 구매 계약(vPPA)을 체결하였으며, 2026년부터 12년 동안 시행될 예정이다. 이 계약은 연간 146 GWh의 재생 가능 전기 인증서를 확보하고, 이는 약 AMP-Europe의 유럽 에너지 소비의 50%를 상쇄할 것으로 예상됩니다. 슈나이더 일렉트릭은 AMP-Europe가 프로젝트를 선택하고 vPPA를 협상하는 과정에서 지원했습니다.

이번 vPPA는 올해 초 독일에서 Sunnic Lighthouse GmbH와 체결한 태양광 에너지 계약을 뒤따릅니다. AMP-Europe는 2030년까지 100% 재생 가능 전기를 목표로 하고 있습니다. BNZ와의 협력은 AMP-Europe의 깨끗한 에너지 전환을 가속화하겠다는 의지와 일치하며, 유럽에서 그들의 vPPA 포트폴리오를 확장하는 중요한 이정표가 됩니다.

Ardagh Metal Packaging-Europe (AMP-Europe) a signé un Accord d'Achat d'Énergie Virtuel (vPPA) avec BNZ au Portugal, qui doit commencer en 2026 pour une durée de 12 ans. Cet accord permettra de garantir 146 GWh par an de certificats d'électricité renouvelable, qui devraient compenser environ 50 % de la consommation énergétique continentale d'AMP-Europe. Schneider Electric a soutenu AMP-Europe dans la sélection du projet et la négociation du vPPA.

Ce dernier vPPA fait suite à un accord sur l'énergie solaire conclu en Allemagne plus tôt cette année avec Sunnic Lighthouse GmbH. AMP-Europe vise à atteindre l'objectif de 100 % d'électricité renouvelable d'ici 2030. La collaboration avec BNZ s'inscrit dans l'engagement d'AMP-Europe à accélérer la transition vers une énergie propre et marque une étape importante dans l'élargissement de leur portefeuille de vPPA en Europe.

Ardagh Metal Packaging-Europe (AMP-Europe) hat einen virtuellen Stromabnahmevertrag (vPPA) mit BNZ in Portugal unterzeichnet, der 2026 für 12 Jahre beginnen soll. Dieser Vertrag sichert 146 GWh pro Jahr an Zertifikaten für erneuerbare Elektrizität, die voraussichtlich etwa 50% des kontinentalen Energieverbrauchs von AMP-Europe ausgleichen werden. Schneider Electric unterstützte AMP-Europe bei der Projektauswahl und der Verhandlung des vPPA.

Dieser letzte vPPA folgt einem Solarenergievertrag, der zu Beginn dieses Jahres in Deutschland mit Sunnic Lighthouse GmbH gesichert wurde. AMP-Europe strebt an, bis 2030 100% erneuerbare Elektrizität zu erreichen. Die Zusammenarbeit mit BNZ entspricht dem Engagement von AMP-Europe, den Übergang zu sauberer Energie zu beschleunigen, und stellt einen wichtigen Meilenstein bei der Erweiterung ihres vPPA-Portfolios in Europa dar.

Positive
  • Secures 146 GWh p.a. of renewable electricity certificates
  • Offsets approximately 50% of AMP-Europe's continental energy consumption
  • Expands vPPA portfolio in Europe
  • Progresses towards 100% renewable electricity target by 2030
Negative
  • None.

Insights

This vPPA agreement marks a significant step in AMP-Europe's sustainability journey. Securing 146 GWh p.a. of renewable electricity certificates is expected to offset about 50% of their continental energy consumption. This aligns with the company's ambitious target of achieving 100% renewable electricity by 2030.

The partnership with BNZ in Portugal expands AMP-Europe's renewable energy portfolio, following their earlier solar energy agreement in Germany. This diversification across different renewable sources and geographical locations enhances the company's energy security and sustainability profile.

For investors, this move demonstrates AMP-Europe's commitment to reducing its carbon footprint and mitigating potential future risks associated with carbon pricing or stricter environmental regulations. It also positions the company favorably in terms of ESG criteria, which is increasingly important for institutional investors and could potentially lead to improved access to capital and enhanced brand reputation.

The 12-year duration of this vPPA provides AMP-Europe with long-term price stability for a significant portion of its energy needs, potentially shielding the company from volatile energy market prices. This could translate to more predictable operational costs, which is particularly valuable in the current global energy landscape.

Entering the Portuguese renewable energy market is a strategic move. Portugal has been making significant strides in renewable energy adoption, with favorable policies and abundant solar and wind resources. This diversification into a new market could provide AMP-Europe with valuable insights and potentially open doors for further expansion or partnerships in the region.

For investors, this deal represents a balanced approach to energy procurement, combining cost stability with sustainability goals. It's worth noting that while such agreements can provide long-term benefits, they may also limit flexibility if energy prices were to decrease significantly in the future.

AMP-Europe renewable energy PPA with BNZ

LUXEMBOURG, Oct. 16, 2024 /PRNewswire/ -- Ardagh Metal Packaging-Europe (AMP-Europe), an operating business of Ardagh Group, signed a virtual Power Purchase Agreement (vPPA) with BNZ in Portugal. This latest vPPA will commence in 2026 for 12 years and secure 146 GWh p.a. of renewable electricity certificates that is expected to offset approximately 50% of AMP-Europe's continental energy consumption. Schneider Electric, a leading adviser in corporate renewable energy procurement and carbon management, supported AMP-Europe in the project selection and vPPA negotiation.

This latest vPPA for AMP-Europe follows on from the solar energy agreement secured in Germany earlier this year with Sunnic Lighthouse GmbH. AMP-Europe will plan to continue to work with Schneider Electric on additional PPAs to enable AMP-Europe to meet its target of 100% renewable electricity by 2030.

David Spratt, CEO AMP-Europe said: "We are delighted to partner with organisations like BNZ that share our commitment to accelerating a clean energy transition. This vPPA marks a significant milestone in the expansion of our vPPA portfolio in Europe and is a major step towards AMP's CO2 reduction and renewable electricity goals."

Luis Selva, Managing Director of BNZ, said: "Our collaboration with AMP-Europe demonstrates how a strategic alliance can have a significant positive impact for all parties involved. This vPPA not only strengthens our presence in Portugal, one of our key markets, but also contributes to our shared commitment with AMP-Europe to promote decarbonisation and move towards a more sustainable future."

"Making renewable energy more accessible to every organisation is a crucial part of meeting global emissions targets," said John Powers, Schneider Electric. "We thank AMP-Europe for their concerted efforts toward this endeavor. It has been a pleasure to collaborate along shared values and the promise of a sustainable future."

For more information About AMP's sustainability journey, click here.

Notes to the editor 

Ardagh Metal Packaging (AMP) is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. A subsidiary of sustainable packaging business Ardagh Group, AMP is a leading industry player across Europe and the Americas with innovative production capabilities. AMP operates 23 production facilities in Europe and the Americas, has approximately 6,300 employees and recorded revenues of $4.8 billion in 2023.

BNZ is an independent power producer (IPP) that designs, builds and operates solar PV projects, and has a portfolio of over 1.7 GW of European solar investments under development between Italy, Portugal and Spain with a clear objective: 100% renewable energy production to help our economy achieve a greener future. BNZ is a leader in the energy transition and is committed to the environmental and social progress of the local communities where the company installs its plants. Each of its projects is scrupulously designed to ensure that it goes one step further in ESG policies and in supporting biodiversity, acting ethically in all aspects of BNZ's business.
For more information, please visit: https://www.bnz.energy/

About Schneider Electric.

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SOURCE Ardagh Metal Packaging S.A.

FAQ

What is the duration of AMP-Europe's vPPA with BNZ in Portugal?

The virtual Power Purchase Agreement (vPPA) between Ardagh Metal Packaging-Europe and BNZ in Portugal is set to commence in 2026 for a duration of 12 years.

How much of AMP-Europe's energy consumption will the new vPPA offset?

The new vPPA is expected to offset approximately 50% of Ardagh Metal Packaging-Europe's continental energy consumption.

What is AMP-Europe's renewable electricity target and by when?

Ardagh Metal Packaging-Europe aims to achieve 100% renewable electricity by 2030.

Who supported AMP-Europe in the vPPA negotiation process?

Schneider Electric, a leading adviser in corporate renewable energy procurement and carbon management, supported AMP-Europe in the project selection and vPPA negotiation.

Ardagh Metal Packaging S.A.

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