Nestle Australia is shifting to renewable energy, and it was announced this week that it will now manufacture its products in factories that use eco-friendly electricity sources. The Swiss food giant signed a deal with CWP Renewables to help the company with a sustainable energy supply.
Nestle Australia said on Monday, Nov. 29, that it secured a 10-year power purchase agreement or PPA with the Austalia-based CWP Renewables. The renewable energy firm is expected to supply electricity to Nestle’s plants which will be sourced from CWP’s 270-MW Sapphire and 134-MW Crudine Ridge wind farms that are operating in New South Wales.
As per Renewables Now, the power that the wind farms will provide is enough to supply energy demand in six of Nestle’s manufacturing plants in Australia, three company offices, 20 retail facilities, a laboratory, and two distribution hubs. The total contracted energy capacity was said to be enough to cover 19,000 homes per year.
In any case, the shift to renewable energy is expected to help Nestle prevent emitting about 73,000 tonnes of carbon dioxide per year. Certainly, the deal with CWP is in line with Nestle Australia’s initiative to totally shift to renewable in four years. The Milo and Nescafe producer also has a goal of cutting its net emissions by 50% by the year 2030 and eventually becoming net-zero by 2050.
In a report, Nestle’s Oceania chief executive officer, Sandra Martinez, said she is proud that the company was able to push its plans and accelerate to 100% renewable energy. Although they managed to shift to eco-friendly energy now, she said there is still a lot to be done for the complete transformation.
“This means that when Aussies are enjoying Nestlé products made in our Australian factories, they can do so knowing that it is made by electricity that has been renewably sourced,” Martinez said in a statement. “This builds on the work we are already doing to rethink our packaging, build sustainable supply chains, drive carbon neutral brands, and transform our product portfolio with more plant-based foods and drinks.”


BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 



