April 5 (Renewables Now) - Mexico-based baking company Grupo Bimbo has agreed to buy the electricity generated by 100 MW of Invenergy Wind LLC’s 300-MW Santa Rita East wind project in Texas.
The companies have struck a virtual power purchase agreement (VPPA), they said in a joint statement on Wednesday. The deal is part of Grupo Bimbo’s strategy to become the first baking company in the US to power its operations entirely from renewables by 2020 and will enable it to achieve a 75% renewables share for its business globally.
Starting from the third quarter of next year, generation from the 300-MW wind farm will be matched with the Mexican firm’s electricity consumption in the US. As a result, the company's US business, Bimbo Bakeries USA, will offset around 260,000 tonnes of carbon dioxide (CO2) emissions per year.
Invenergy is building the Santa Rita East wind park in Texas’ Reagan, Irion, and Crockett Counties. The plant will use 120 units of General Electric’s (NYSE:GE) 2.5-MW turbines and will be capable of supplying around 122,000 homes, the developer estimates.