Nestlé’s UK subsidiary has signed a 15-year corporate power purchase agreement (PPA) to buy green power from energy firm Ørsted’s Race Bank Offshore Wind Farm.
Under the deal, Nestlé UK will buy 31MW of the wind farm’s total 573MW capacity, making it Ørsted’s largest fixed-price corporate PPA in the UK.
The Race Bank Offshore Wind Farm is, according to Ørsted, one of the newest operational wind farms in the country and has 91 Siemens Gamesa 6MW wind turbines to generate green electricity.
From 1 May 2020, Nestlé UK will start purchasing 125GWh of green power per year from the wind farm – equivalent to 50% of its power consumption. When combined with the company’s existing PPAs, all of the firm’s power consumption will reportedly be covered by renewable energy agreements.
“I’m incredibly proud that at Nestlé we are doing the right thing to play our part in reducing climate change,” said Stefano Agostini, CEO for Nestlé UK and Ireland.
“With our partnership with Ørsted we are now able to cover 100% of our electricity from wind power, another huge milestone in our efforts to become a sustainable business.”
Rasmus Errboe, senior vice president in charge of corporate PPAs at Ørsted Offshore, added: “We’re very happy to enter into this long-term agreement with Nestlé and support them to achieve their sustainability ambitions.
“Large corporations are increasingly taking climate action by sourcing green power, thereby making important contributions to the demand for renewable energy.
“Today’s announcement with Nestlé UK demonstrates offshore wind’s attractiveness as a reliable, large-scale source of green power and underlines Ørsted’s ambition to continue to be a leader within corporate PPAs for offshore wind.”
Earlier this year, Nestlé reaffirmed its sustainability commitments by signing up to the European Plastics Pact – a public-private coalition which aims to accelerate the transition to a circular economy for plastic in Europe.
© FoodBev Media Ltd 2020