Mars Invests Billions in European Renewable Energy [Yahoo! Finance]
SunPower Inc. (SPWR)
Last sunpower inc. earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
The move is a significant step in the company's broader sustainability and decarbonization efforts, which aim for net-zero emissions by 2050. The shift to renewable power follows a decade of investments in the company's European manufacturing facilities. According to the company, these investments include over $1.6 billion (€1.5 billion) spent over the past five years. The company's strategy involved both direct investments in energy reduction and conversion, as well as the purchase of Guarantees of Origin (GO) certificates to cover remaining electricity and natural gas consumption. The ten factories are located in the Czech Republic, France, Germany, the Netherlands, Poland, and the United Kingdom. These facilities collectively produce approximately 900,000 metric tons of popular confectionery brands annually, including SNICKERS, TWIX, and M&M'S. Around 85% of this production is distributed for consumption within the European region. This transition comes amid a wider push acro
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