Swiss Axpo, US Jabil Extend Energy Partnership in Hungary

Green Energy

Photo by Blue Planet Studio/Shutterstock

U.S. electronic manufacturer Jabil Inc. 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, the Swiss power company announced.

Under a corporate power purchase agreement (CPPA) to be active in the period 2024-2030, the Swiss power producer will provide clean electricity from wind farms in southeastern Europe for Jabil's two Hungarian sites in Nagyigmánd and Tiszaújváros, it said in a statement on Friday.

Axpo signed its first CPPA in Hungary with Jabil in June 2022.

The two are also collaborating in Switzerland and Poland.

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