Procter & Gamble enters into long-term VPPA with ENGIE for Sun Valley solar energy project

Client(s) Procter & Gamble Company, The

Jones Day advised The Procter & Gamble Company (P&G) in entering into a long-term virtual power purchase agreement (VPPA) for a solar energy project owned by ENGIE North America Inc., subsidiary of renewable energy developer Engie SA (Engie). The VPPA will help Engie finance the development of the Sun Valley solar energy project in Texas with an expected capacity of 250 MW. The project is expected to enable P&G to offset carbon emissions associated with its North America electricity consumption, which will further P&G's efforts to meet its sustainability goals for achieving net zero greenhouse gas emissions by 2040.