Lightsource bp ‘Tailors’ Multi-Buyer Solar PPA for Global Fashion Brand Collective
Lightsource bp has signed an innovative collective virtual power purchase agreement (CVPPA) with The Fashion Pact , the largest CEO-led initiative for sustainability in the fashion and textile industry.
- Lightsource bp has signed an innovative collective virtual power purchase agreement (CVPPA) with The Fashion Pact , the largest CEO-led initiative for sustainability in the fashion and textile industry.
- This collective deal enables businesses with global responsibilities but less intensive energy use to benefit from solar power and underpin the development of new renewable energy projects.
- Spearheaded by Co-Chairs Helena Helmersson and Co-Founder Paul Polman, The Fashion Pact brings together fashion industry’s top leaders to drive progress and design collective solutions towards a nature-positive, net-zero future.
- The Fashion Pact worked collaboratively with the Lightsource bp´s EMEA Power Markets team to create a bespoke PPA structure that would meet the needs of their members while satisfying the collective renewable electricity demand.