Enel Green Power has signed off on a 12-year power purchase agreement (PPA) with food and beverage corporation Mondelēz International, which owns companies such as Oreo, Cadbury and Toblerone.
As part of the deal, Mondelēz will purchase the energy delivered to the electricity grid from a 65MW phase of Enel’s Roadrunner PV installation in Texas.
Antonio Cammisecra, head of Enel Green Power, said: “The PPA with Mondelēz reaffirms Enel Green Power’s role as the partner of choice for corporate customers and shows that a wide range of industrial players are getting on board with the energy transition, understanding that renewables are not only a sustainable but also a cost-effective source of energy.
“By leveraging on our international expertise and technological leadership, we are able to tailor solutions to our customers’ needs, helping them to reach their sustainability and business objectives.”
The energy generated by the Roadrunner PV project will be enough to produce over 50% of all the Oreos consumed in the US on a yearly basis, equivalent to around 10 billion cookies, and will cut Mondelēz International’s annual CO2 emissions by 80,000 metric tons. This agreement stands as Mondelēz International’s first renewable energy PPA signed in the US.
The Roadrunner installation, which is currently being built in Upton County, Texas, will have a total generation capacity of 497MW and will be able to generate approximately 1.2 TWh annually once completed.
Roadrunner, which is set to be the largest PV facility in Enel’s US portfolio, will feature a 252MW first phase that is expected to be completed by the end of 2019. The second 245MW phase is expected to be completed the following year.