Kraft Heinz Makes Its First Wind Energy Investment

Kraft Heinz Announces Agreement With Repsol Via A Virtual Power Purchase Agreement That Advances Kraft Heinz Toward Global Environmental Stewardship Goal Of Procuring Majority Of Electricity From Renewable Energy Sources By 2025

(Image Courtesy Of Kraft Heinz)

The Kraft Heinz Company announced a 12-year virtual power purchase agreement (vPPA) with Repsol, a global company operating across more than 20 countries. This agreement is Kraft Heinz’s first investment in wind energy and is designed to help Kraft Heinz achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025. Kraft Heinz is expected to source more than 90 GW hours/year of renewable energy from Spanish producer Repsol’s largest wind project, Delta II in Aragon, Spain, which will be equivalent to powering approximately 90% of Kraft Heinz’s European manufacturing sites. The vPPA is expected to generate enough renewable electricity to power approximately 25,000 average European Union households per year at its peak.

“Our agreement with Repsol is a significant step in our efforts to reduce the impact of climate change,” said Rafael Oliveira, executive vice president and president of international markets at Kraft Heinz. “I am proud of this investment in our International Zone, which we expect to contribute to our global goal of achieving net-zero emissions by 2050, and reducing 50% of our emissions by 2030, while also helping our industry make the transition to renewable power.”

In 2021, Kraft Heinz announced its goal to achieve net-zero greenhouse gas emissions across its operational footprint (Scope 1 and Scope 2) and entire global supply chain (Scope 3) by 2050, reaffirming its commitment to contribute to global efforts to reduce the ongoing threat of climate change. “This agreement with Kraft Heinz confirms once again the potential and attractiveness of our renewable assets for companies that are looking for guaranteed coverage of their long-term energy needs and, at the same time, obtain greater stability, which favors their competitiveness,” said João Costeira, Repsol’s executive director of low carbon generation.

In December 2019, Repsol was the first company in its sector to make a commitment to be carbon neutral by 2050. Renewable power generation is one of the pillars of Repsol’s decarbonization strategy: the targets of the company are 6 GW of installed capacity by 2025 and 20 GW by 2030.