Enel signs 65-MW solar PPA in US with food co Mondelez

Solar array. Author: U.S. Department of Agriculture .

June 28 (Renewables Now) - Enel Green Power (EGP) said on Thursday it has signed a 12-year power purchase agreement (PPA) with with food and beverage company Mondelez International for a 65-MW portion of a solar plant in Texas.

The energy supply deal concerns the 497-MW Roadrunner photovoltaic (PV) facility, currently under construction in Upton County. Once completed, the plant is expected to be able to generate approximately 1.2 TWh annually. Its 252-MW first stage is estimate to be completed by end-2019, while the 245-MW second phase is scheduled to go online the following year.

This is the first PPA in the US for Mondelez, which holds brands such as Oreo, Cadbury Dairy Milk, Milka and Toblerone chocolate, the renewable energy unit of Italian energy giant Enel SpA (BIT:ENEL) said.

According to Enel, the energy supplied by Roadrunner will be enough to reduce the food and beverage company's carbon dioxide (CO2) emissions by 80,000 tonnes per year. This is equivalent to the power needed to produce over 50% of all the Oreos consumed in the US annually.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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