Mars has signed its inaugural renewable energy acceleration contract in Europe, partnering with GoldenPeaks Capital to enhance its commitment to renewable electricity.
The multinational confectionery company has joined forces with the European renewable energy developer to launch over 100 new solar projects across Poland.
This new project, set to commence in 2027, will generate over 129 megawatts of clean energy for Mars and produce approximately 222 gigawatt-hours annually. Mars asserts that this output is sufficient to power around 100,000 households each year.
Furthermore, this collaboration builds upon the existing renewable energy commitments from both companies.
In its 2024 sustainability report, Mars recorded a 16.4% reduction in greenhouse gas emissions compared to 2015, noting that 58% of its electricity is sourced from renewable sources.
The confectionery giant aims to reduce total greenhouse gas emissions by 50% by 2030 and achieve net-zero status by 2050.
Moreover, this energy acceleration project is poised to be the largest multi-buyer renewable energy agreement in Central and Eastern Europe, according to Mars.
In addition to the new deal, Mars has collaborated with Cargill, which has also signed its agreement with GoldenPeaks Capital, expediting the scaling of new solar farms.
Recently, Mars partnered with energy provider Enel to facilitate the transition from fossil fuels to clean energy.
Kevin Rabinovitch, Mars’ global vice president of sustainability, stated, “Building on our recent work with Enel in North America, this new milestone in Europe clearly demonstrates our vision to make renewable energy the norm everywhere Mars does business.”
He added, “It’s unique and meaningful that one of our largest suppliers, Cargill, is joining us to accelerate the shift to clean energy for our shared supply chains, benefiting the communities we serve.”
Rabinovitch emphasized, “Climate action needs to be global to be truly effective, and these partnerships show that action at scale is possible when we all work together.”
Adriano Agosti, founder and chairman of GoldenPeaks Capital, remarked, “As a global company with the footprint of a small country, Mars has transformed its global responsibility into an opportunity by leading the decarbonization process across its entire value chain.”
“GoldenPeaks Capital is proud to be a partner and play a role in achieving this global goal.”
This announcement coincides with Mars revealing plans to invest €1 billion ($1.18 billion) on production and R&D for 2025 and 2026, which includes projects in France, Poland, and Spain.
