Processed food and snack business, Campbell Soup Company has entered into a 12-year virtual renewable power purchase agreement with Enel North America to power its operations using renewable energy.
Starting July 2023, Campbell will purchase electricity and the associated renewable energy credits from a 115 MW share of Enel’s Seven Cowboy wind project, located southwest of Oklahoma City.
The renewable energy credits retained through the arrangement will help Campbell reduce its Scope 2 GHG emissions, enabling the company to make substantial progress on its science-based target to reduce its combined Scope 1 and 2 GHG emissions 42% by fiscal year 2030.
Energy Transition in the Food Industry
The renewable electricity sourced by Campbell from the Seven Cowboy project is estimated to reduce approximately 191,000 metric tons of carbon dioxide emissions every year, or the equivalent of approximately 29% of Campbell’s fiscal year 2021 combined Scope 1 and 2 emissions.
“We are proud to support Campbell’s goal to create a more sustainable food system,” Paolo Romanacci, Head of Enel North America’s renewable energy business, Enel Green Power, said. “This agreement demonstrates how food and beverage companies like Campbell can leverage clean energy solutions to achieve their emissions reduction goals, while also supporting the addition of new renewable energy to the electric grid.”
The Seven Cowboy wind project will have 107 turbines that are expected to generate over 1.3 TWh of energy each year, equivalent to the electricity needs of over 120,000 U.S. households.