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Procter & Gamble enters into long-term VPPAs with EDP Renováveis, S.A. for two solar energy projects in Italy

April 2023

Client(s) Procter & Gamble Company, The

Jones Day advised The Procter & Gamble Company (P&G) in entering into long-term virtual power purchase agreements (VPPAs) with a subsidiary of renewable energy developer EDP Renováveis, S.A. (EDPR) for two solar energy projects in Italy with an aggregate capacity of around 110 MW.

The VPPAs will help EDPR finance the development of the solar energy projects, and the projects are expected to enable P&G to offset carbon emissions associated with its EU electricity consumption to further P&G's efforts to meet its sustainability goals.

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