Merck Signs Its First Long-Term Green Energy Purchase Deal In China

Merck KGaA has clinched a long-term green electricity purchase agreement with a Chinese energy giant as part of the German drugmaker’s ongoing efforts to decarbonize its business operations globally.

Under the deal, which is the first for Merck in China, the German company will buy 300 gigawatt-hours of electricity generated by renewable sources from China Resources Power Holdings Co. Ltd. in the next 10 years, the firm said in a statement Friday on its website.