Hormel Foods to buy power from 74-MW wind farm in Nebraska

Minnesota-based Hormel Foods Corporation (NYSE:HRL) has signed a virtual power purchase agreement (VPPA) tied to a 74-MW wind farm that will be built in Nebraska.

The owner of brands such as Skippy, Columbus, Applegate and Wholly Guacamole, said in a statement that with this and other initiatives it ensures a power supply of close to 50% renewables. The company has also subscribed to community solar gardens at five manufacturing locations, including a co-sponsorship with Westar Energy for a project near Wichita, Kansas.

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The wind farm in question will be built at a site near Milligan and is expected to be completed next year. It will have the capacity to generate some 349,000 MWh of electricity a year.

Hormel Foods said it partnered with energy management specialist Kinect Energy Group to assess the project and negotiate the VPPA.