Markum Solar Farm in Texas to power US operations of Colgate-Palmolive
As part of Climate Week NYC, Colgate-Palmolive has declared a landmark 20-year virtual power purchase agreement (VPPA) with the 209MW Markum Solar Farm, located just outside of Waco, Texas. Slated to go live in 2025, Markum Solar Farm is positioned to become a long-lasting source of clean, renewable energy in the United States, meeting 100% of Colgate’s U.S.-based operational electricity requirements.
Colgate’s Net Zero Commitment
This significant announcement comes on the heels of Colgate’s declaration during Climate Week NYC 2022, where the company disclosed that it had become the first large multinational entity in the Consumer Durables, Household, and Personal Products sector to get its Net Zero Carbon goals endorsed by the Science Based Targets initiative (SBTi). “We are pursuing our Net Zero ambitions in diverse and measurable ways,” said Ann Tracy, Chief Sustainability Officer at Colgate-Palmolive. The agreement with Markum Solar Farm aligns closely with Colgate’s objective of achieving Net Zero carbon emissions by 2040 and sourcing 100% renewable electricity across all its global operations by 2030.
Two Decades of Climate Action
Colgate-Palmolive has been actively working to combat climate change for over 20 years, consistently disclosing its greenhouse gas emissions. The partnership with Markum Solar Farm stands as a testament to the company’s 2025 Sustainability & Social Impact Strategy. As part of this strategy, Colgate also completed four new on-site solar installations in 2022 at their facilities in Turkey, South Africa, Argentina, and Brazil, bringing their total on-site solar locations to 17. By the end of 2022, about 52% of Colgate’s global electricity consumption was sourced from renewable energy.
Partners Behind Markum Solar Farm
The Markum Solar Farm project is being developed by Scout Clean Energy, a subsidiary of Brookfield Asset Management. Colgate received advisory support on the VPPA agreement from 3Degrees.