PARIS – The Fashion Pact initiative has signed a collective virtual power purchase agreement (CVPPA) with Lightsource, the solar power arm of oil giant BP, to supply 12 of its member brands with renewable energy.
Kering, Prada, PVH Corp, Ralph Lauren, Tapestry, Bally, Capri Holdings, Ermenegildo Zegna, Farfetch, Ferragamo, Under Armour and Zimmermann will source solar power through the CVPPA which is linked to Lightsource’s solar portfolio in Spain.
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