In support of its goal to reduce greenhouse gas emissions (GHG), Camden-based Campbell Soup Co. entered into a 12-year virtual power purchase agreement (VPPA) with Enel North America, a leading green energy company.
As part of the deal announced Nov. 21, starting in July 2023 Campbell will buy electricity, along with associated renewable energy credits, from a 115-megawatt share of Enel’s 300-megawatt Seven Cowboy wind farm in Oklahoma.
According to Campbell, the renewable energy credits retained will help the company make “substantial progress” toward its goal of achieving a 42% reduction in Scope 1 and Scope 2 GHG emissions by fiscal year 2030.
Using expected production from Campbell’s portion of the wind project, the renewable energy is estimated to avoid approximately 191,000 metric tons of CO2 emissions each year — approximately 29% of the company’s fiscal year 2021 combined Scope 1 and Scope 2 emissions.
“Improving the sustainability of the agriculture and food value chain is important to Campbell,” said Stewart Lindsay, Campbell’s vice president, Corporate Responsibility and Sustainability. “Reducing emissions is a key part of this work, and the agreement with Enel North America provides a significant step forward in meeting our science-based emissions targets.”
Located in the southwestern part of the state, the Seven Cowboy project is Enel’s 13th wind farm in Oklahoma, and is slated to begin commercial operation by the end of the year.
Once online, its 107 turbines are expected to generate over 1.3 terawatt hours of energy annually – according to Enel, equivalent to the electricity needs of more than 120,000 U.S. households – and will avoid more than 758,000 tons of CO2 emissions a year.
Paolo Romanacci, head of Enel North America’s renewable energy business Enel Green Power, said, “We are proud to support Campbell’s goal to create a more sustainable food system.”
He added, “This agreement demonstrates how food and beverage companies like Campbell can leverage clean energy solutions to achieve their emissions reduction goals, while also supporting the addition of new renewable energy to the electric grid.”