Sonoco, Engie commence virtual power purchase agreement

Sonoco (SON) announced that delivery of the virtual power purchase agreement for production from Engie’s (ENGIY) Big Sampson Wind Project, 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. The VPPA represents another step in Sonoco’s integrated approach to corporate sustainability.