Jabil secures 100% renewable power for Hungarian ops

US electronic manufacturing services company Jabil Inc (NYSE:JBL) has ensured a 100% renewable power supply for its operations in Hungary after expanding its local partnership with Axpo Holding AG with a new seven-year wind power offtake agreement.

Under a corporate power purchase agreement (CPPA) to be active in the period 2024-2030, Axpo will provide clean electricity from wind farms in southeastern Europe for Jabil’s two Hungarian sites in Nagyigmand and Tiszaujvaros, according to a statement published today.

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The Swiss power producer and energy trader signed its first CPPA in Hungary with Jabil in June 2022. The two are also collaborating in Switzerland and Poland.

"This deal aligns with Jabil’s strategic goals and demonstrates our commitment to sustainability and corporate responsibility, marking an important advance towards the company’s environmental, social, and corporate governance (ESG) goals for the future," the US firm's chief compliance officer Thomas Cetta said.