ViganPort of South LouisianaCimbriaBühler GmbHVan AalstTelestack
  • Port of South Louisiana
  • Vigan
  • TBA Group
  • Van Aalst
  • Cimbria
  • Port of Stockton

Cargill increases its renewable energy capacity by more than 40%

Cargill increases its renewable energy capacity by more than 40%

(Posted on 15/04/24)

Cargill has reported increasing its contracted renewable energy capacity by 42% after signing five new deals to bring online an additional 300 megawatts of wind and solar capacity, expanding its total offsite renewable energy portfolio to 716 megawatts.

These contracts play a meaningful role in helping Cargill achieve its goal to reduce absolute operational greenhouse gas emissions by 10% by 2025 against a 2017 baseline, with the company already achieving an emissions reduction of 10.97% as of calendar year 2022.

Globally, Cargill’s renewable energy portfolio includes 15 projects online across 12 countries. This portfolio is primarily composed of wind and solar Power Purchase Agreements (PPAs) and Virtual Power Purchase Agreements (VPPAs), or agreements to buy renewable electricity and associated renewable energy credits for a defined period.

Once five additional contracts are fully operational in 2024, Cargill’s renewable electricity mix is anticipated to reduce its CO2e emissions by nearly 820,000 metric tons per year – the equivalent of removing nearly 200,000 gas-powered vehicles from the road for one year.

“Cargill’s commitment to climate action spans our entire business and focuses on feeding a growing global population more sustainably,” said Christina Yagjian, Global Renewable Energy Leader.

“Renewable energy projects are just one of several ways we are weaving sustainable practices into our supply chains and global operations. While Cargill’s greatest opportunity for emissions reductions lies within its global supply chains, reducing emissions from the company’s operations is a critical step in our efforts to decarbonize the food and agriculture industry and supports not only our climate goals, but also those of our customers.”

Highlights of Cargill’s current renewable energy portfolio include:

Earlier this year, through a Renewable Electricity Buyer Consortium, Cargill and Mars executed VPPAs with Ocean Breeze Energy, owner and operator of the Bard Offshore Wind Farm located off the coast of Germany. Over the 6-plus year term of this agreement, Cargill’s portion of this project averages 35 megawatts of capacity and is anticipated to produce 712,000 megawatt hours of clean energy, avoiding greenhouse gas emissions of 442,000 metric tons CO2 equivalent. Sourcing renewable energy in Germany was a priority given that Cargill has 12 plants in the German market.

In Italy, Cargill has a PPA with Galileo Green Energy for 55 megawatts of capacity from a solar photovoltaic project located in the southern part of the country. This agreement is anticipated to deliver 990,000 megawatt hours of electricity, or a total CO2 reduction of 455,000 metric tons over the contract term.

Cargill’s contract with Vattenfall for the supply of 78 megawatts of the Windpark Hanze project in the Netherlands will come online this spring. This agreement is anticipated to reduce CO2 emissions by approximately 1.3 million metric tons over the 10-year contract – equivalent to providing renewable electricity for more than 164,000 homes per year.

In the United States, Cargill and Blue Cloud Wind Energy, a subsidiary of TC Energy, executed a VPPA for a 130 megawatt share of offtake from a wind farm in Texas. Sourcing renewables in the Southwest Power Pool supports emission reductions where many of Cargill’s US plants are located. Over the 15-year term of this agreement, the total CO2 reduction anticipated for Cargill from this contract is 2.9 million metric tons. This is Cargill’s fourth virtually settled renewable energy contract in the United States.

Latest News

ADM report details regenerative agriculture and array of accomplishments

(Posted on 15/05/24)

ADM has released its 2023 Corporate Sustainability Report, highlighting an extensive array of accomplishments... Read more


British Steel wins contract for high-speed electric railway in Turkey

(Posted on 15/05/24)

British Steel has won a multi-million-pound contract to supply rail for a new high-speed electric railway... Read more


NGFA urges Canadian leaders to avoid rail strike

(Posted on 13/05/24)

The National Grain and Feed Association (NGFA) in the USA and 19 other members of the Agricultural Transportation... Read more


ADM, Voltloader launch EV trial for wheat transportation

(Posted on 09/05/24)

ADM has announced a trial programme with Voltloader, an innovative logistics and transportation company... Read more


Electric Arc Furnace boost for British Steel

(Posted on 02/05/24)

British Steel has been granted planning permission to build an Electric Arc Furnace at its Scunthorpe... Read more


Leading event for grain handling and processing returns to Omaha

(Posted on 28/04/24)

The National Grain and Feed Association (NGFA) in the USA, Grain Elevator and Processing Society (GEAPS... Read more


American Feed Industry commends vital supply chain legislation

(Posted on 23/04/24)

The American Feed Industry Association (AFIA) has commended Representatives Ashley Hinson, R-Iowa-02... Read more


NGFA says NASS reports are critical to agribusiness operations

(Posted on 23/04/24)

In a letter to U.S. Agriculture Secretary Tom Vilsack, the National Grain and Feed Association (NGFA... Read more


Bauxite and aluminium businesses deliver stable Rio Tinto results

(Posted on 18/04/24)

Bauxite production of 13.4 million tonnes was 11% higher than the first quarter of 2023 for Rio Tinto... Read more


Rio Tinto spends more than A$16.1 billion with Australian suppliers

(Posted on 15/04/24)

Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion... Read more


Port of StocktonTBA GroupSailors SocietyTMS Awards 2023Geneva Dry
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping