Confectionery giant Hershey has entered nto two power purchase agreements (PPAs) in Camden, North Carolina, and Texas in pursuance of its 2030 sustainability goals to reduce Scope 1 and 2 emissions by more than 50 percent.
Hershey's 15-year PPA with renewable energy developer BayWa r.e. will result in the construction of its first utility-scale solar farm in Camden.
The 20 megawatts facility, expected for completion in July, will reportedly reduce CO2 emissions by 32,025 metric tons annually.
Meanwhile, Hershey is among several companies involved in the Noble Project, now under construction in Denton County, Texas. Hershey's PPA with National Grid Renewables is for 50 megawatts of the Noble Project.
The Noble Project is expected to reduce CO2 emissions by a total of 450,000 metric tons annually during the first 20 years of operations.
Jeff King, senior director of global sustainability and social impact at Hershey, noted that not only will the solar projects help Hershey to reduce environmental impact, but it will also create jobs, help contribute to the growth of local economies, and help fulfill their commitment to reducing their GHG footprint.


Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Coca-Cola Raises Diet Coke Prices in India as Iran Conflict Disrupts Can Supply
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.
Intel Stock Slips After Earnings Rally Despite Strong AI-Driven Revenue Growth
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
Shein Reports $99 Million Loss Ahead of Hong Kong IPO as U.S. Tariffs Hit Sales 



