Greif Announces Start of its First Virtual Power Purchase Agreement (VPPA) in Europe
July 17, 2025
DELAWARE, Ohio (News release) -- Greif, Inc., a global leader in industrial packaging products and services, is pleased to announce its Virtual Power Purchase Agreement (VPPA) through Enel X Global Retail team of experts and with Enel Green Power España (EGPE), started on July 1, 2025 following the successful construction and activation of the associated solar farms in Castilla y Léon, Spain.
Under the 12-year agreement, Greif will purchase approximately 100 GWh per year of clean, renewable energy, helping the company offset an estimated 65% of its Scope 2 emissions in Europe and 3% of its combined Scope 1 and 2 emissions globally.
"The activation of our VPPA with Enel Green Power España and through Enel X Global Retail, is a testament to our commitment to reducing our environmental footprint and investing in sustainable solutions," said Ole Rosgaard, President and CEO of Greif. "This partnership not only advances our own sustainability objectives, but by funding the development of solar energy infrastructure, we are helping accelerate the world's transition to clean, renewable energy."
The solar VPPA is a core component of the company's broader sustainability strategy, which is centered on reducing greenhouse gas emissions and minimizing waste throughout its operations. For more information about Greif's sustainability initiatives and the VPPA, please visit www.greif.com/sustainability.
