Sparkling water maker SodaStream has signed a 15-year deal with clean energy producer Enlight that will power all of its production facilities in Israel with 100 percent renewable energy by the start of 2024.

Kfar Saba-headquartered SodaStream also announced a goal to achieve net-zero emissions by 2040.

SodaStream is the world’s leading sparkling water brand. Its portable soda-making machines are sold in over 48 countries and it was acquired by PepsiCo for $3.2 billion in 2018.

Enlight is a Rosh HaAyin-based company that builds and operates solar and wind power facilities in Israel and abroad.

The agreement between the two Israeli companies was made possible following the introduction of new regulations allowing green energy producers to enter into direct purchase agreements to accelerate the renewable energy transition across the Israeli economy.

SodaStreamCEO Eyal Shohat said the move consolidates the company as a “pioneer” on environmental responsibility.

“For years, SodaStream has been at the forefront of the uncompromising efforts to reduce single-use plastic waste. In 2022 alone, we successfully eliminated approximately five billion single-use plastic bottles,” he said.

“The new strategic partnership with Enlight will allow SodaStream to take another step toward the goal we have set — a 100% renewable energy transition in all of our production sites around the world, as part of a global strategy to preserve the environment, reduce the carbon footprint, and work toward a sustainable world.”

Cofounder and CEO of Enlight Renewable Energy Gilad Yavetz said that since the deregulation of the electricity market in Israel, the company has seen a rise in demand for renewable energy cooperation.

“I congratulate SodaStream for the strategic partnership and the significant step in its fight against the climate crisis. SodaStream is one of the pioneers that chose to join Enlight in signing a PPA, seeking to both lower their energy costs and accelerate their transition to net-zero emissions.”

In June, Enlight announced Genesis Wind, set to be the largest renewable energy project in Israel with a total capacity of 207 megawatts.

Located in northern Israel, the wind farm has 39 turbines to harness the abundant wind resources of the region. At full capacity, the project is expected to provide clean energy equivalent to the yearly consumption of 70,000 households. This could save 180,000 tons of CO2 emissions annually and generate at least $50 million in revenues.