GreenYellow, a leading investor and operator in solar projects and energy efficiency, proudly announces the groundbreaking ceremony of a Solar Power Purchase Agreement (PPA) with Nestlé (Thai) Ltd to install 3.2 MWp solar panels at Nestlé Waters manufacturing site in Ayutthaya province, making it the biggest solar project among all manufacturing sites of Nestlé Thailand. This partnership signifies a major step forward in Nestle's sustainability journey, with GreenYellow integrating renewable energy into their production process.
The groundbreaking ceremony marks the start of this innovative flagship project. Situated in Ayutthaya, the solar installation will feature both ground-mounted panels and car park structures, showcasing the versatility and efficiency of modern solar technology.
With an installed capacity of 3.2 MWp, the project is expected to generate 4.5 GWh of clean energy per year, significantly reducing CO2 emissions by over 2,000 tonnes annually, for the coming 20 years. This initiative is a testament to the shared commitment of GreenYellow and Nestle to advancing renewable energy adoption to reduce carbon emissions, paving the way to achieve Net Zero 2050 ambition.
"We are thrilled to partner with Nestlé (Thai) Ltd. on this groundbreaking solar project," said Mr. Frank Gluck, CEO at GreenYellow Thailand and Asia "This collaboration not only highlights our commitment to renewable energy but also sets a precedent for future sustainability efforts in the region. At GreenYellow, we strive to lead the way in innovative energy solutions, and this project is a testament to our expertise and dedication."
"This partnership with GreenYellow is a crucial step in our sustainability journey," said Philippe Glauser, Head of Technical and Production, Nestlé Indochina. "At Nestlé, we have the commitment to using 100% renewable electricity at all our sites by 2025. By incorporating the solar project with Green Yellow into our Nestlé Waters production process, we are taking significant strides toward reducing our environmental impact and promoting sustainable practices within the industry. In addition to switching to renewable energy, we have also implemented many energy saving projects including improving efficiency of our existing assets and redesigning our process for energy optimization."
As Nestle's energy partner, GreenYellow is committed to delivering cutting-edge and energy efficient solutions that align with Nestle's environmental goals. This project signifies the positive impact that corporate partnerships can have on advancing renewable energy adoption and reducing carbon footprints.
GreenYellow offers comprehensive energy solutions that cover every aspect from financing and design to licensing, construction, operation, monitoring, and maintenance—all included in the Solar Power Purchase Agreements (Solar PPA) at no extra cost. Embracing solar energy, GreenYellow's approach is in line with the Thai government's ambitious targets, aiming to achieve carbon neutrality by 2050, and net-zero GHG emissions by 2065.
