EDF Strengthens Renewable Energy Commitment with Coveris

EDF has entered into two agreements with Coveris, a leading European packaging company that manufactures sustainable packaging solutions for global brands.

EDF is providing both a Corporate Power Purchase Agreement (CPPA) and a supply contract to Coveris - reinforcing its role as both the offtaker and supplier of renewable energy. This underscores EDF’s commitment to supporting businesses with sustainable energy solutions while ensuring grid stability and efficiency.

EDF's Dual Role: Offtaker and Supplier

Coveris agreed to purchase the renewable power from Rigmuir Wind Farm, located in East Kilbride, South Lanarkshire, Scotland – owned and operated by AlphaReal, a specialist real assets investment manager. The physical sleeved CPPA provides inflation-linked income to investors.

By acting as both the offtaker and supplier for Coveris, EDF plays a pivotal role in ensuring that the renewable energy generated by Rigmuir Wind Farm is efficiently managed and sleeved to Coveris. 

As the supplier, EDF provides renewable energy to Coveris' operations, helping the company meet its sustainability goals. 

Meanwhile, EDF's role as the offtaker is to balance and shape the renewable power generated by Rigmuir Wind Farm, into a suitable baseload block, and sleeve this into the supply agreement with Coveris, guaranteeing the traceability and additionality of part of Coveris’ renewable power requirements within their supply. 

EDF and Coveris decided to extend the supply contract, adding in the opportunity of sleeving the CPPA. This move highlights EDF's proactive approach to securing long-term renewable energy solutions for its partners.

Managing Renewable Energy Intermittency

Renewable energy sources like wind and solar are naturally intermittent, which lead to fluctuations in the power available. EDF’s role as a balancing and shaping partner enables proactive management of these fluctuations, ensuring a stable and reliable energy supply delivered to Coveris. By managing excess energy and sourcing extra power when required, EDF helps Coveris maintain an uninterrupted energy supply.

This partnership ensures that over half of Coveris’ electricity demand in the UK now comes from a sustainable source, marking a significant step in the company’s journey toward energy independence and reduced carbon emissions.

The c.80GWh per year supply contract now extends to late 2027. With the recent renewal of Coveris' energy supply contract with EDF, this partnership ensures an efficient process and guarantees a reliable source of renewable power.

Driving Sustainable Partnerships

This partnership reflects EDF's dedication to innovative energy solutions that benefit both businesses and the environment, and experience in managing corporate PPAs. By signing the supply and CPPA agreements in tandem, EDF demonstrates a commitment to supporting industrial partners with clean, stable, and efficiently managed energy.

EDF is proud to support Coveris Group in reducing its carbon footprint and transitioning to renewable energy, a critical component of its sustainability strategy. Through this collaborative effort, EDF continues to empower businesses like Coveris to achieve their sustainability ambitions while driving progress toward a cleaner and greener energy future.

Interested in a CPPA?

As well as being Britain’s largest generator of zero-carbon electricity, EDF also buy the most renewable electricity of any energy supplier in Great Britain, with the highest PPA market share of capacity under contract.* 

EDF continue to lead the way in the PPA market, as experts in many different PPA and CPPA structures, utilising market expertise to structure, facilitate and support agreements between corporates and generators. 

Contact us today at PPA@edfenergy.com

*Cornwall Insight PPA Market Share Report, February 2025