Nestle enters into 15 Year PPA with EDP Renewables
In a bid to provide 80% of the electricity load for five Nestle facilities in Southeastern Pennsylvania, Nestle in the U.S partners with EDP Renewables foraying into a 15-year power purchase agreement. The agreement is a major step forward for Nestlé’s ambition to procure 100 percent of its electricity from renewable sources.
EDP Renewables’ Meadow Lake VI wind farm will generate and deliver 50 megawatts of electricity through the PJM Interconnection grid to manufacturing facilities and distribution centers operated by Nestlé Purina PetCare, Nestlé USA and Nestlé Waters North America in Allentown and Mechanicsburg, Pennsylvania. The agreement is in line with Nestle’s endorsing access to renewable energy. This renewable energy project will help Nestlé cut energy costs, avoid the volatility of fossil fuel prices, and stay competitive.
Kevin Petrie, Chief Supply Chain Officer at Nestlé USA said “Our partnership with EDP Renewables propels us forward in our ambition to create zero environmental impact by 2030, and is another example of our business transformation journey.”
It is through this power purchase agreement that EDPR will expand the capacity of its Meadow Lake VI wind farm in Benton County, Indiana. The expansion will add 50 MW, enough to power approximately 17,700 homes for one year, to the existing 150 MW EDPR has already secured for the project. Additionally, the wind farm will bring a number of economic benefits to the state of Indiana in the form of jobs, landowner and tax payments, and money spent in local communities.