The Lactalis Group said this will reduce the environmental impact of its activity, while at the same time improving its carbon footprint and having greater visibility of electricity costs.
The Energy Purchase Agreement (PPA) will enter into force on January 1, 2021 and will be valid for nine years, during which time ENGIE will supply about 70 GWh of electricity per year. This amount of energy will allow the Lactalis Group to cover at least 50% of its electricity demand in Spain.
This means Lactalis Group factories will reduce CO2 emissions by 10%, or 26,950 tons of CO2 per year.
Lactalis said that the agreement means Engie can increase its investment, construction, maintenance, management and financing strategy of new renewable energy parks in Spain.
Ignacio Elola, CEO of the Lactalis Iberia Group, said, the agreement represents a further step in the company’s strategy to reduce its impact on the environment and adds to the efforts being made in terms of water consumption, water management waste or improvement of the sustainability of packaging.