{"id":933345,"date":"2026-02-02T16:08:23","date_gmt":"2026-02-02T21:08:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/"},"modified":"2026-02-02T16:08:23","modified_gmt":"2026-02-02T21:08:23","slug":"sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/","title":{"rendered":"Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong><br \/>\n          <em>Big Sampson Wind Project is First Offsite Renewable Energy Project for Sonoco\u00a0<\/em><br \/>\n        <\/strong><br \/>\n        <br \/>\n        <strong><br \/>\n          <em>Will represent over 83% of Sonoco U.S. electricity needs<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"start\">HARTSVILLE, S.C., Feb.  02, 2026  (GLOBE NEWSWIRE) &#8212; Sonoco Products Company (\u201cSonoco\u201d or the \u201cCompany\u201d) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (\u201cENGIE&#8221;) today announced that delivery of the Virtual Power Purchase Agreement (\u201cVPPA\u201d) for production from ENGIE\u2019s Big Sampson Wind Project (\u201cBig Sampson\u201d), in Crockett County, Texas has commenced.<\/p>\n<p align=\"start\">Under the VPPA, Sonoco and ENGIE contracted an estimated 140 megawatts of electricity per year, representing approximately 83% of Sonoco\u2019s 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\u2019s entry into commercial operation.<\/p>\n<p align=\"start\">The VPPA represents another step in Sonoco\u2019s integrated approach to corporate sustainability. Aligned with their SBTi-validated reduction goal, the Company aims to reduce global Scope 1 and Scope 2 emissions by 25% by 2030 from a 2020 baseline through various corporate initiatives, including improved packaging design, installing energy-efficient equipment and procuring renewable energy sources. The VPPA is an example of these efforts, with renewable energy credits acquired under the VPPA expected to help reduce Sonoco\u2019s baseline carbon emissions by approximately 19%.<\/p>\n<p align=\"start\">\u201cWe are excited to take delivery of our VPPA based on the Big Sampson wind project. This project will accelerate our progress toward our emissions targets while delivering clean, reliable power to the communities they serve,\u201d said Scott Byrne, Sonoco\u2019s Vice President of Global Sustainability. \u201cWe look forward to continuing this long-term partnership with ENGIE as we work together to protect the environment and future generations and continue our promise of delivering <em>Better Packaging. Better Life.<\/em> solutions,\u201d said Byrne.<\/p>\n<p align=\"start\">Big Sampson is a project of ENGIE, a global leader in the net zero energy transition. The project, completed in late 2025, will be an addition to ENGIE North America\u2019s more than seven gigawatts of renewable energy production in operation or under construction across the United States and Canada.<\/p>\n<p align=\"start\">\u201cWe are delighted that the Big Sampson wind project is now supporting Sonoco\u2019s renewable energy ambitions and helping them meet over 83% of their purchased electricity needs in the U.S. and Canada through this VPPA,\u201d said Dave Carroll, Chief Renewables Officer, ENGIE North America. \u201cThe commitment of customers like Sonoco and ENGIE\u2019s track record of delivery are helping to accelerate the addition of new clean power to the U.S. grid to meet increasing demand and support economic growth, and we very much look forward to a long relationship.\u201d<\/p>\n<p align=\"start\">The Big Sampson Wind Project consists of 60 wind turbines, each expected to have a generating capacity of 4.5 megawatts. The project employed roughly 400 skilled construction professionals during the building phase, and about 10 to 15 full-time professionals will support operations on an on-going basis.<\/p>\n<p align=\"start\">In addition to jobs, Big Sampson is expected to provide long-term tax revenues for both Crockett County and local school districts of more than $60 million over the 15-year life of the project.<\/p>\n<p align=\"start\">\n        <strong>About Sonoco<\/strong><br \/>\n        <br \/>Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and fiber consumer and industrial packaging. The Company is now a multi-billion-dollar enterprise with approximately 22,500 employees working in 265 operations in 40 countries, serving some of the world\u2019s best-known brands. Guided by our purpose of\u00a0<em>Better Packaging. Better Life.<\/em>, we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of America\u2019s Most Responsible Companies by Newsweek. For more information on the Company, visit our website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RDuFebKRHNbZUzNA2aK6QaKz1f54Vh-POvZVI4E1ewgiPE3XcOahaPeh2Llo0WEiM4Q-9iw2GYt05HNq2FLqULAICFZERIjNYYpbfXOn8eCJFTzmwRR2eSW_BCb2hzsvMxUoQJjit0nU5vsd5t0pbNpocd_nN8xF77IsQHrDHfJpQo02FOYc-HD4Ve39tgb0CGqVCZHmfz7E1BaCKnMzXsgy1u7LKudqXrmh7XXVYFo=\" rel=\"nofollow\" target=\"_blank\"><u>www.sonoco.com<\/u><\/a>.<\/p>\n<p align=\"start\">\n        <strong>About ENGIE North America<\/strong><br \/>\n        <br \/>Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE (ENGI.PA), a global leader in low-carbon energy and services that is listed on the Paris and Brussels Stock Exchanges. Together with its 96,000 employees around the globe, its customers, partners and stakeholders, ENGIE is committed to accelerating the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:15%;width:15%;min-width:15%\">Contact:<\/td>\n<td style=\"max-width:85%;width:85%;min-width:85%\">Roger Schrum<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>843-339-6018<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\n            <u><br \/>\n              <a href=\"mailto:roger.schrum@sonoco.com\" rel=\"nofollow\" target=\"_blank\">roger.schrum@sonoco.com<\/a><br \/>\n            <\/u>\n          <\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NzI3OCM3NDA0OTI3IzIwMDQ1Mjc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Mzg3YjkyZDYtMTQ4MC00YWRkLTk2MjQtMGNjYmQzYmZiM2E3LTEwMTYxMDAtMjAyNi0wMi0wMi1lbg==\/tiny\/Sonoco-Products-Company.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Big Sampson Wind Project is First Offsite Renewable Energy Project for Sonoco\u00a0 Will represent over 83% of Sonoco U.S. electricity needs HARTSVILLE, S.C., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; Sonoco Products Company (\u201cSonoco\u201d or the \u201cCompany\u201d) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (\u201cENGIE&#8221;) today announced that delivery of the Virtual Power Purchase Agreement (\u201cVPPA\u201d) for production from ENGIE\u2019s Big Sampson Wind Project (\u201cBig Sampson\u201d), 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\u2019s U.S. electricity consumption in 2025 and approximately 52% of the expected output capacity of Big Sampson, for a term of 15 years commencing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-933345","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Big Sampson Wind Project is First Offsite Renewable Energy Project for Sonoco\u00a0 Will represent over 83% of Sonoco U.S. electricity needs HARTSVILLE, S.C., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; Sonoco Products Company (\u201cSonoco\u201d or the \u201cCompany\u201d) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (\u201cENGIE&#8221;) today announced that delivery of the Virtual Power Purchase Agreement (\u201cVPPA\u201d) for production from ENGIE\u2019s Big Sampson Wind Project (\u201cBig Sampson\u201d), 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\u2019s U.S. electricity consumption in 2025 and approximately 52% of the expected output capacity of Big Sampson, for a term of 15 years commencing &hellip; Continue reading &quot;Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-02T21:08:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NzI3OCM3NDA0OTI3IzIwMDQ1Mjc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement\",\"datePublished\":\"2026-02-02T21:08:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\\\/\"},\"wordCount\":691,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY0NzI3OCM3NDA0OTI3IzIwMDQ1Mjc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\\\/\",\"name\":\"Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement - 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Under the VPPA, Sonoco and ENGIE contracted an estimated 140 megawatts of electricity per year, representing approximately 83% of Sonoco\u2019s U.S. electricity consumption in 2025 and approximately 52% of the expected output capacity of Big Sampson, for a term of 15 years commencing &hellip; Continue reading \"Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-02T21:08:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NzI3OCM3NDA0OTI3IzIwMDQ1Mjc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement","datePublished":"2026-02-02T21:08:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/"},"wordCount":691,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NzI3OCM3NDA0OTI3IzIwMDQ1Mjc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sonoco-and-engie-announce-commencement-of-140-megawatt-virtual-power-purchase-agreement\/","name":"Sonoco and ENGIE Announce Commencement of 140-Megawatt Virtual Power Purchase Agreement - 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