Cargill signs wind PPA with Brazil's Omega Energia

US agricultural giant Cargill has signed a 10-year wind power purchase agreement (PPA) in Brazil with local renewable energy company Omega Geracao SA.

Cargill is purchasing the renewable power to meet the energy needs of its units in Ilheus and Barreiras, Bahia state, and its port terminals of Miritituba and Santarem in Para, according to a company statement quoted by local media.

Subscribe for Renewables Now's Corporate PPA Newsletter here for free!

The company estimates it will save USD 11 million (EUR 9.7m) during the contract period and avoid the emission of 10,547 metric tonnes of carbon dioxide (CO2) per year.

The company also stressed that this initiative is in line with the goal of cutting by 10% the greenhouse gas emissions of all its operations by 2025 and reducing the impact of its supply chain by eliminating 30% of emissions per tonne of product by 2030.

(USD 1 = EUR 0.885)