Sonoco Products, ENGIE North America Deliver Virtual Power Purchase Agreement For Production From ENGIE's Big Sampson Wind Project
Sonoco Products Company SON | 54.84 | -0.60% |
Sonoco Products Company ("Sonoco" or the "Company") (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America ("ENGIE") today announced that delivery of the Virtual Power Purchase Agreement ("VPPA") for production from ENGIE's Big Sampson Wind Project ("Big Sampson"), in Crockett County, Texas has commenced.
Under the VPPA, Sonoco and ENGIE contracted an estimated 140 megawatts of electricity per year, representing approximately 83% of Sonoco's U.S. electricity consumption in 2025 and approximately 52% of the expected output capacity of Big Sampson, for a term of 15 years commencing upon Big Sampson's entry into commercial operation.
