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Oreo-maker, Mondelēz International, and Enel Green Power North America signed a twelve-year power purchase agreement for energy from Texas solar farm.
What Happened?
Mondelēz International agreed to purchase a twelve-year power purchase agreement (PPA) under which Mondelēz International will purchase the energy delivered to the electricity grid from a 65-megawatt portion of Enel Green Power North America’s Roadrunner project.
The Roadrunner solar project, a solar farm in Texas, United States, is Enel Green Power’s largest solar project in the country.
Why It Matters
This agreement is Mondelēz International’s largest renewable energy partnership at a global level and their first renewable energy PPA signed in the U.S.
The partnership enables Mondelēz International to make substantial progress against its sustainability goals by reducing 80,000 metric tons of carbon dioxide emissions – that’s 5 percent of the company’s global manufacturing emissions.
The renewable energy purchased will be enough to produce more than 50 percent of all the Oreo cookies consumed in the U.S. annually.
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