Mars,Cargill accelerate renewable energy with GoldenPeaks Capital partnership
This collaboration creates a multi-buyer approach that enhances the scale and effectiveness of renewable energy procurement while fostering deeper supply chain sustainability.
POLAND – Mars, Incorporated and Cargill have taken a significant step in their global sustainability strategy by signing their first Renewable Acceleration contract in Europe, partnering with GoldenPeaks Capital, a leading renewable energy developer.
The contract, focused in Poland, is part of Mars’ ambitious goal to source 100% renewable electricity across its direct operations and extend this commitment to its entire value chain.
This groundbreaking deal encompasses over 100 new solar projects scheduled to come online in 2027, delivering more than 129 MWac of clean, renewable energy, accounting for nearly 58% of the total output of the broader project managed by GoldenPeaks Capital.
The anticipated renewable electricity generation of approximately 222 gigawatt-hours (GWh) annually is sufficient to power around 100,000 households each year.
Importantly, this initiative supports Poland’s critical transition away from coal dependence toward a low-carbon energy future, aligning with the EU’s climate goals.
The Renewable Acceleration contract isn’t just about Mars’ own operational power needs; it also strategically begins to cover energy consumption across Mars’ global supply chain.
To amplify this impact, Mars’ key supplier, Cargill, has signed its own deal with GoldenPeaks Capital to source electricity from the same group of solar farms.
This collaboration creates a multi-buyer approach that enhances the scale and effectiveness of renewable energy procurement while fostering deeper supply chain sustainability.
Kevin Rabinovitch, Global Vice President of Sustainability at Mars, remarked on the importance of this milestone: “This next step in Europe clearly demonstrates our vision to make renewables the standard wherever Mars does business. Climate action must be global to be truly effective, and these partnerships show that scale is possible when we all work together.”
Christina Yagjian, senior director of global renewable energy at Cargill, said that the project deepens Cargill’s commercial relationship with Mars, showing how partnership across the value chain can “drive meaningful climate action,” while also lowering procurement costs.
GoldenPeaks Capital’s Founder and Chairman, Adriano Agosti, expressed pride in partnering with Mars, noting, “Mars has transformed its global responsibility into an opportunity, driving decarbonization across its full value chain. We are proud to play a role in serving this global purpose.”
Mars’ Renewable Acceleration program builds on recent collaborations, like its partnership with Enel in North America, effectively creating a global framework aimed at dramatically reducing fossil fuel reliance.
The firm expects this European initiative to contribute to a 10% reduction in its carbon footprint by 2030, further cementing its leadership in corporate sustainability and renewable energy transition.
This contract marks what is likely the largest multi-buyer renewable energy deal in Central and Eastern Europe, illustrating how multinational corporations are increasingly leveraging collaborative renewable energy procurement to drive large-scale decarbonization across industries and geographies.
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