Mars has signed a long term renewable electricity contract for the output of a Swedish wind farm as part of its Renewable Acceleration Program. The agreement supports the company’s goal to expand renewable energy across its value chain and reduce its total carbon footprint by 10 percent by 2030 compared to 2015 levels. The project marks another step in Mars’s broader decarbonization strategy in Europe.

Securing long term renewable electricity supply means that Mars increases the stability and predictability of its energy transition while reducing exposure to future energy price volatility and carbon related costs. The agreement also demonstrates how large companies are using power purchase agreements to accelerate the development of new renewable energy capacity and support their long term climate commitments.