Industrial, Sourcing Renewables, Wind - April 4, 2018
Grupo Bimbo signs VPPA for U.S. operations
Grupo Bimbo announced on Apr. 4 that it has signed a virtual power purchase agreement (VPPA) for wind energy to power its Bimbo Bakeries USA facilities. The agreement is part of the company’s initiative to become the first baking company in the U.S. to use 100% renewable energy by 2020.
According to a statement from the company, beginning in the third quarter of 2019, wind energy production from Invenergy’s Santa Rita East wind farm in Texas will be matched with energy consumption from Grupo Bimbo’s U.S. operations through the VPPA agreement. Through this agreement, the company expects to reach 75% renewable energy at a worldwide level, with overall CO2 emissions reductions of 440,000 tons every year globally.
“We are excited to partner with Invenergy in order to help reduce greenhouse gas emissions across the U.S.,” said Daniel Servitje, chairman and CEO of Grupo Bimbo. “We strive to be leaders in sustainability – it is part of our purpose of building a sustainable, highly productive, and deeply humane company – and decreasing our environmental footprint is one of our primary goals.”
The statement noted that Grupo Bimbo focuses its efforts on four environmental action lines: carbon footprint reduction, water footprint reduction, waste management and natural capital.