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McDonald's USA Signs Large-Scale Virtual Power Purchase Agreements
McDonald's announced the signing of two long-term, large-scale virtual power purchase agreements (VPPAs), whereby McDonald's will buy renewable energy generated by Aviator Wind West, a wind power project located in Coke County, Texas and a solar project located in Texas. The combined 380MW in renewable energy expected to be generated from McDonald's contribution to these projects will help to prevent over 700,000 metric tons of carbon emissions each year, which is equivalent to planting more than 11 million trees or taking over 140,000 cars off the road for one year. Additionally, the energy generated by these U.S. projects will be equivalent to over 2,500 restaurants-worth of electricity.
In March 2018, McDonald's became the first restaurant company in the world to set a greenhouse gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi). These two U.S. renewable energy projects will...
ALLETE Clean Energy's Diamond Spring Wind Project Will Provide Renewable Energy to Corporations
Allete Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in Oklahoma.
The Smithfield agreement follows an earlier announcement of power sale agreements with two large Fortune 500 companies, Walmart and Starbucks. Walmart has agreed to purchase 175 megawatts for 15 years, Smithfield will purchase 75 megawatts for 12 years, and Starbucks will purchase 50 megawatts for 15 years. The approximately 300-megawatt Diamond Spring site, which is ALLETE Clean Energy’s first project to sell wind power to corporate customers, is now fully contracted with the Smithfield agreement...
Smithfield Foods Marches Forward with Renewable Energy Projects
Smithfield Foods, Inc. is pleased to announce the construction of new biogas gathering systems in Missouri and Utah, which bring the company steps closer to delivering renewable natural gas (RNG) to communities in multiple states using manure from its hog farms. Detailed in its recently released Sustainability Report, Smithfield’s “manure-to-energy” projects are part of Smithfield Renewables, the company’s platform that unifies and accelerates its renewable energy efforts to help meet its goal to reduce greenhouse gas (GHG) emissions 25% by 2025.
“By finding innovative ways to reduce GHG emissions and use existing resources to power our planet, we are playing a critical role in providing consumers with nutritious food, as well as...
Walmart Enhances Sustainability in Supply Chains
Walmart Inc. (NYSE: WMT) today issued its inaugural Environmental, Social and Governance (ESG) Report, which details the company’s goals, progress and achievements for fiscal year 2019 toward its commitment to increase economic opportunity for associates and local communities, build sustainability in supply chains and activate climate change initiatives.
Walmart is disclosing progress to date in several areas including:
Activating Climate Change Initiatives
Hormel Foods Announces Construction of Solar Energy Project
Hormel Foods Corporation (NYSE: HRL) and IGS Solar have started construction on a solar energy project at the Hormel Foods Swiss American Sausage Company facility in Lathrop, Calif. The project is slated for completion in July.
IGS will partner with PCI Solar who will install the solar system, which will consist of 1,998 panels constructed on both roof and ground space. The project is projected to generate roughly 1.2 million kilowatt hours (kWh) per year — enough to supply more than 15 percent of the facility's annual electricity consumption.
The new solar array will help the environment by offsetting an estimated 869 metric tons of CO2 emissions per year that would otherwise be emitted by a conventional fossil fuel power plant. That amount of emissions avoided is also...
Hormel Foods to Become Powered by Nearly 50 Percent Renewable Energy
Hormel Foods Corporation (NYSE: HRL), maker of SKIPPY®, SPAM®, Hormel® Natural Choice®, Hormel® Black Label®, Columbus® and many other branded food products, has announced a virtual power purchase agreement (VPPA) for wind energy. Through this and other initiatives, the company will be supplied by almost 50 percent renewable wind power. In addition, the project will result in a reduction of approximately 197,000 metric tons of greenhouse gas emissions.
"As a leading corporate citizen in our industry, we are inspired by projects that minimize environmental impacts and align with the interests of our customers and consumers around the world," said Tom Raymond, director of environmental sustainability at Hormel Foods. "This agreement supports our company's environmental sustainability goals and is ...
Sysco Announces Multi-Site Solar Gardens in Texas Are Operational
The renewable energy sites will support approximately 10 percent of Sysco’s U.S. electricity usage
Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, announced today that the Company’s solar garden sites in the Houston and Dallas areas are fully-constructed and operational. The three sites, named collectively “Sysco Power Patch” through an employee naming competition, are part of a 25 megawatt, ten-year renewable energy agreement with a subsidiary of NRG Energy, Inc. The project will support the majority of Sysco’s electricity load in Texas, including its Corporate Headquarters.
The “Sysco Power Patch” sites took six months to build and created 190 jobs during the peak of construction in 2018. The project sites are on 224 total acres and feature 201,792 solar panels. The sites will support approximately 10 percent of Sysco’s U.S. electricity usage, achieving half of the Company’s 2025 Responsibility Goal of 20 percent renewable energy by ...
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