PepsiCo and Givaudan Announce 10-Year Virtual Power Purchase Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
PepsiCo (PEP), Givaudan (GVDNY), Smurfit WestRock (SW) and Statkraft have announced a 10-year Virtual Power Purchase Agreement, or VPPA, with an underlying wind asset in Spain which is undergoing repowering. Under the pep+ REnew program, PepsiCo worked with SE Advisory Services, Schneider Electric's global consulting practice, to structure and deliver its second supply-chain VPPA cohort under the pep+ REnew program. SE Advisory Services helped aggregate load across PepsiCo, Givaudan, and Smurfit WestRock. Launched in 2022, pep+ REnew has grown into a global platform supporting over 250 companies across North America, Latin America, Europe, and APAC. This VPPA represents the program's second completed cohort and the first renewable electricity cohort in Europe. The renewable electricity generated through this agreement is expected to contribute to an estimated 32,000 metric tons of CO2 emissions reductions per year. By aggregating demand, the parties were able to secure favorable commercial terms and gain access to long-term renewable energy opportunities typically available only to large buyers.
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Analyst Views on PEP
Wall Street analysts forecast PEP stock price to rise
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 156.290
Low
144.00
Averages
161.90
High
172.00
Current: 156.290
Low
144.00
Averages
161.90
High
172.00
About PEP
PepsiCo, Inc. is a global beverage and convenient food company. The Company’s segments include PepsiCo Foods North America (PFNA), PepsiCo Beverages North America (PBNA), International Beverages Franchise (IB Franchise), Europe, Middle East and Africa (EMEA), Latin America Foods (LatAm Foods), and Asia Pacific Foods. PFNA segment includes all of its convenient food businesses in the United States and Canada. PBNA segment includes all of its beverage businesses in the United States and Canada. IB Franchise segment includes its international franchise beverage businesses, as well as its SodaStream business. EMEA segment includes its convenient food businesses and beverage businesses with Company-owned bottlers in Europe, the Middle East and Africa. LatAm Foods segment includes all of its convenient food businesses in Latin America. Asia Pacific Foods segment consists of its convenient food businesses in Asia Pacific, including China, Australia and New Zealand, as well as India.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Record Sales for Alani Nu: Celsius's energy drink brand Alani Nu achieved record sales of $368 million in Q1, accounting for about half of the company's total sales, benefiting from its integration into PepsiCo's distribution system.
- Strong International Performance: Celsius's international revenue soared 55% year-on-year to $35.3 million, primarily driven by growth in the Nordics, showcasing the company's potential in global expansion.
See More
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