Mars partners with GoldenPeaks Capital to power European operations with 100% renewable energy
The solar projects under this partnership are set to become operational by 2027, delivering more than 129 MWac of renewable power dedicated to Mars.
POLAND – Mars, Incorporated has taken a major step toward achieving its global sustainability goals by signing its first Renewable Acceleration Contract in Europe with GoldenPeaks Capital, a leading renewable energy developer.
The partnership will see the development of over 100 new solar projects in Poland, marking one of the largest multi-buyer renewable energy deals in Central and Eastern Europe.
This agreement supports Mars’ commitment to operating its entire operations on renewable electricity, while also extending clean energy use across its broader value chain.
The initiative builds on the company’s global Renewable Acceleration strategy, which aims to make renewables the standard across all regions where Mars operates.
The solar projects under this partnership are set to become operational by 2027, delivering more than 129 MWac of renewable power dedicated to Mars.
This output represents approximately 58% of GoldenPeaks Capital’s total solar capacity in Poland and is expected to generate around 222 GWh of clean electricity annually.
That’s enough to power about 100,000 households each year, helping Poland transition from coal dependency toward a low-carbon energy future while contributing to EU climate objectives.
In addition to supporting Mars’ own facilities, the agreement also extends renewable energy coverage into its Scope 3 emissions, which include suppliers and other partners in the value chain.
As part of this effort, Cargill, one of Mars’ largest suppliers, has also signed a separate deal with GoldenPeaks Capital. By joining forces, both companies are scaling renewable energy generation and advancing sustainability across shared supply chains.
Kevin Rabinovitch, Global VP Sustainability at Mars, expressed optimism about the initiative’s impact.
He noted that expanding renewable access through collaborations like this is key to global progress, “This next step in Europe clearly demonstrates our vision to make renewables the standard wherever Mars does business. It’s unique and significant that one of our largest suppliers, Cargill, is joining us to accelerate the shift to clean energy for our shared supply chains.”
Adriano Agosti, Founder and Chairman of GoldenPeaks Capital, commended Mars for transforming its global responsibility into a practical opportunity to decarbonize its whole value chain.
The partnership follows Mars’ recent collaboration with Enel in North America and forms part of its global Renewable Acceleration program.
With more agreements in development, Mars expects the initiative to contribute to a 10% reduction in its total carbon footprint by 2030, advancing its broader Net Zero by 2050 ambition.
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