Repsol, Kraft Sign Green Power Purchase Agreement
June 28 2022 - 3:17AM
Dow Jones News
By Maitane Sardon
Repsol SA said Tuesday that it would provide renewable power to
Kraft Heinz Co. as part of a deal that will help the
food-and-beverage company cut its greenhouse-gas emissions.
The Spanish oil-and-gas company said that Kraft Heinz has
secured 34.2 megawatts of renewable electricity generated at
Repsol's wind farms through a virtual power purchase agreement
deal.
Repsol said the twelve-year contract will contribute to Kraft
Heinz's goals of obtaining the majority of the electricity it
consumes from renewable sources by 2025 and halving its
greenhouse-gas emissions by 2030. Financial details weren't
disclosed.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
June 28, 2022 03:02 ET (07:02 GMT)
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