Grupo Bimbo has signed two virtual power purchase agreements (VPPAs) with Renewable Energy Systems (RES), which it says will offset 100% of the electricity consumption of its Canadian operations.
The two fifteen-year agreements were made through Grupo Bimbo’s wholly-owned subsidiary, Bimbo Canada, and will see the development of two wind and solar projects in southern Alberta, totalling 170 MW of installed capacity.
Under the terms of the agreements, Bimbo Canada will procure approximately 50 MW of renewable electricity to offset electricity consumption for its 16 bakeries, 14 distribution centres and 191 depots.
The renewable energy projects are expected to be fully operational by December 2022.
The VPPAs, together with other sustainability initiatives around the world, will reportedly help Grupo Bimbo to offset 90% of its global electricity consumption. The announcement marks another milestone on the company’s journey towards using 100% renewable electricity by 2025.
“Bimbo Canada is committed to nourishing a better world through productive sustainability practices,” said Joe McCarthy, president of Bimbo Canada.
“These agreements are the next big step in reducing our environmental footprint and becoming leaders in responsible stewardship of the environment.”
Peter Clibbon, RES senior VP of development, said: “RES is proud that its Alberta wind and solar projects are helping Bimbo Canada meet its sustainability initiatives. It’s a win-win situation with our projects delivering competitive wind and solar electricity to Bimbo Canada, and while providing our host communities with long-term tax and landowner income.”
Earlier this year, the company signed the Canada Plastics Pact (CPP) and earned its first Energy Star certification for its Hamilton, Ontario bakery. Bimbo Canada produces and distributes fresh packaged breads and snacks under brands such as Stonemill, Villaggio and Vachon.
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