SodaStream Opts For Solar & Storage In Israel

Enlight Bags PepsiCo Subsidiary As Corporate Offtaker Under 15-Year Solar Power Supply Contract

SodaStream Opts For Solar & Storage In Israel

SodaStream will offtake power from Enlight’s solar and storage facilities to operate 100% renewable energy powered production facilities in Israel. (Photo Credit: SodaStream)

  • Enlight secures yet another clean energy PPA with a corporate offtaker in Israel, post the country’s decision to allow bilateral power contracts  
  • PepsiCo subsidiary SodaStream will source power from Enlight’s solar and storage facilities  
  • It will enable the company’s operation of its global production sites in Israel to run entirely on renewable energy from 2024 

Following the market regulation that allows green power producers to enter into bilateral power purchase agreements (PPA) with major companies in Israel, Enlight Renewable Energy has added to its list of contract wins, this time with PepsiCo subsidiary SodaStream as a corporate offtaker for its solar and storage facilities in the country.  

SodaStream operates its main global production facilities in Israel’s Ashkelon and Idan Negev from where it supplies products to over 48 nations globally.  

The 15-year agreement will enable the PepsiCo sparkling water brand to operate all its production sites in Israel on renewable energy from 2024, stated Enlight, helping SodaStream move closer to its net-zero emissions aim by 2040.  

Since the deregulation of the electricity market in Israel, we have seen significant demand for renewable energy from Israel’s leading multinational companies,” said Enlight Co-Founder and CEO Gilad Yavetz who sees the trend to grow stronger as more and more companies seek to lower their energy costs and achieve energy transition.  

In June 2023, NASDAQ-listed Enlight announced signing its 1st solar and storage corporate PPA under the new market regulation with software and services company Amdocs (see Corporate Solar PPA In Israel).  

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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