Industrial, Sourcing Renewables, Wind - November 30, 2021
Cargill Signs its Largest Global Physical PPA
Cargill announced a 10-year Corporate Power Purchase Agreement (CPPA) in the Netherlands, representing the company’s largest physical renewable power purchase signed globally and their first signed in Europe
Cargill and Vattenfall, a European energy company, will partner with Windpark Hanze in the Netherlands, who will build a wind farm that is expected to reduce CO2 emissions by approximately 350,000 metric tons a year.
“At Cargill, sustainability is a top priority, and through renewable energy projects like this unique partnership with Vattenfall and Windpark Hanze we continue to weave it into our global operations,” said Michiel Smets, EMEA electricity lead at Cargill in a statement. “This CPPA nearly eliminates the Scope 2 emissions from Cargill’s operations in the Netherlands and is a major step towards Cargill’s commitment to reduce absolute greenhouse gas emissions in its operations by 10% by 2025, against a 2017 baseline.”
The onshore wind farm, consisting of 15 wind turbines, will be commissioned in the Flevoland province near the city of Dronten. It will have a total installed capacity of 90 megawatts and will go into full commercial operation in 2023. Windpark Hanze has recently achieved financial close and civil works have already commenced.
Vattenfall will offtake the output of 78 MW from the planned onshore wind farm under a 15-year PPA and Cargill will offtake 2.9 terawatt hours from Vattenfall under a 10-year Corporate Power Purchase Agreement (CPPA). The renewable energy generated from 13 of the wind farm’s wind turbines will power more than 90% of Cargill’s grid based electrical consumption in the Netherlands.