Mars Partners with GoldenPeaks Capital for Renewable Energy Revolution in Europe

Mars, Incorporated, the global leader in pet care and confectionery, has marked a significant milestone by signing its inaugural Renewable Acceleration contract in Europe. This groundbreaking partnership is with GoldenPeaks Capital, a prominent developer in the renewable energy sector. The agreement aims to power Mars's operations utilizing 100% renewable resources, furthering the company's commitment to sustainability and reducing its carbon footprint.

The newly signed contract is tailored to cover not just Mars's immediate operations but also to extend the supply of renewable electricity throughout its entire value chain. This ambitious plan involves the development of over 100 solar projects in Poland, which promises to deliver a substantial output of 129 MWac, approximately 58% of the total energy feed from this initiative. This amount of renewable energy is projected to benefit around 100,000 households annually, thus accelerating Poland's shift from coal dependency to a more sustainable energy future.

This collaboration is set against the backdrop of a larger movement towards renewable energy in Central and Eastern Europe. Notably, the contract is recognized as potentially the largest multi-buyer renewable energy deal in the region, further solidifying the partnership's impact on local communities and the broader European climate goals. With plans for these solar projects to become operational in 2027, they are expected to generate approximately 222 GWh of clean energy annually.

In addition to Mars, Cargill, one of Mars's key suppliers, has also signed a deal with GoldenPeaks Capital, enhancing the scale and impact of these solar initiatives. This strategic alliance not only supports Mars's Renewable Acceleration strategy but also exemplifies the collaborative approach required to tackle the pressing climate challenges we face.

Kevin Rabinovitch, the Global VP of Sustainability at Mars, expressed his enthusiasm for the project, noting, "I'm delighted to see the momentum we are getting with our Renewable Acceleration program. This next step in Europe clearly demonstrates our vision to make renewables the standard wherever Mars operates. It is significant that one of our largest suppliers, Cargill, is joining us on this journey. Climate action must be global to be truly effective, and these partnerships show that scale is possible when we work together."

Adriano Agosti, Founder and Chairman of GoldenPeaks Capital, emphasized the importance of Mars's role in this global responsibility-based initiative, stating, "Mars's commitment to decarbonization across its full value chain presents an opportunity to transform. We are proud to play a role in serving this global purpose."

The Renewable Acceleration program by Mars is designed to drive the transition from fossil fuels to clean energy, not only for its own facilities but also across the entire supply chain. This partnership, following the recent collaboration with Enel in North America, highlights Mars's strategy to adopt a truly global approach to reducing carbon emissions.

Mars aims to further enhance its sustainability efforts through additional agreements worldwide, targeting a 10% reduction in its total carbon footprint by 2030. The overarching goal is to achieve Net Zero by 2050, which entails addressing critical issues such as deforestation, promoting climate-smart agriculture, improving transportation methods, and embedding sustainability practices within all business aspects.

To sum up, this significant contract with GoldenPeaks Capital reiterates Mars's dedication to sustainability and renewable energy. As a family-owned business valued at approximately $55 billion, Mars stands behind a diverse portfolios, such as renowned pet care products and beloved confectionery brands. Its commitment to the future aligns with the Mars Five Principles, which emphasize Quality, Responsibility, Mutuality, Efficiency, and Freedom, inspiring approximately 150,000 Associates to work towards a better world.

For more details on Mars and its initiatives, visit www.mars.com and connect with them on social media platforms.