Kraft Heinz signs purchase agreement with Spanish energy company

The Kraft Heinz Co. recently signed a 12-year virtual power purchase agreement with Spanish-based Repsol, a multi-energy company operating in more than 20 countries.

“Our agreement with Repsol is a significant step in our efforts to reduce the impact of climate change,” Rafael Oliveira, Kraft Heinz executive vice president and president of international markets, said. “I am proud of this investment in our International Zone, which we expect to contribute to our global goal of achieving net zero emissions by 2050, and reducing 50 percent of our emissions by 2030 while also helping our industry make the transition to renewable power.”

Under the agreement, Kraft Heinz will purchase more than 90 gigawatt hours annually of renewable energy from Repsol’s largest wind project. This will be the equivalent of powering approximately 90 percent of Kraft Heinz’s European manufacturing sites and is enough energy to power about 25,000 average households annually in the European Union.

This is the first time Kraft Heinz has invested in wind energy.

The company has set a goal of net zero greenhouse gas emissions across its operational footprint and entire global supply chain by 2050. The agreement will help the company procure the majority of its electricity from renewable sources by 2025.