Mars Signs Major PPA with Foresight Energy Infrastructure Partners for Swedish Onshore Wind Farm

Mars' Power Purchase Agreement (PPA) with Foresight Energy Infrastructure Partners for 70% of the output from the 277 MW Kölvallen Wind Farm in Sweden represents a significant step in the company's commitment to renewable energy. This agreement, providing approximately 670 GWh of clean electricity annually, is one of Mars' largest renewable energy investments in Europe and directly supports its Renewable Acceleration program and 2030 carbon emissions reduction targets. Mars' commitment was crucial in enabling Foresight to secure financing and proceed with the construction of the wind farm, demonstrating the pivotal role of corporate PPAs in driving renewable energy development. The deal is notable for its scale, the involvement of a major corporate offtaker like Mars, and the participation of Foresight Energy Infrastructure Partners, backed by Foresight Group, a prominent infrastructure and private equity investment manager. This transaction underscores the increasing trend of corporations directly procuring renewable energy to meet sustainability goals and reduce their carbon footprint. The Kölvallen Wind Farm, now operational, will contribute significantly to Sweden's renewable energy capacity and supports the broader European transition towards cleaner energy sources.