Smurfit Kappa will invest 6 million euros at its Sanguesa paper mill in Spain, which will see the construction and installation of up to 12,000 solar panels on land adjacent to the mill.
The solar panels will reduce CO2 emissions by more than 3,200 tons annually.
Once operational, it is estimated that the panels will generate more than 10 GWh of power annually, which will reduce the current external electricity consumption and dependency by 7 percent.
The Spanish solar energy project is the latest for Smurfit Kappa, which has launched similar initiatives in other plants in Spain, Colombia and Mexico to generate sustainable energy.
Construction on the solar panels is expected to be completed by the end of this summer.