- Enel has partnered with Nestlé for its 208 MW solar project in Jackson County, Texas.
- The solar-plus-storage project is expected to become operational in Q2 2023.
Enel North America has partnered with Nestlé to be the sole tax equity investor for its 208 MWdc Ganado solar-plus-storage project in Jackson County, Texas.
Nestlé will also purchase the renewable energy attributes from the entire solar plant output, helping advance the company’s efforts to create a more sustainable future and reduce greenhouse gas emissions across its operations.
Head of Enel North America’s renewable energy business, Enel Green Power, Paolo Romanacci, said: “Enel is proud to partner with the world’s largest food and beverage company to enable the addition of new clean power capacity in the United States. Customers of all sizes are seeking clean energy projects to help reduce their emissions and use more renewable energy, whether through PPAs, direct retail electricity purchases, upfront tax equity investments or other tailored agreements. Enel’s flexible portfolio of solutions scales to meet the needs of each customer, leveraging the business demand for clean electricity to build momentum toward a zero-carbon economy. Those solutions are matched with our expansive, modern renewables fleet, projects that generate real value for customers, communities and investors alike.”
In addition to its direct investment, Nestlé will purchase 100 per cent of the renewable electricity attributes generated by the project’s energy production, estimated to be an average of 333,000 MWh per year for 15 years. This renewable electricity will help Nestlé reduce carbon emissions in many of its US facilities, where household favourite brands are made. The annual carbon emission reduction is expected to be about 126,294 metric tons of CO2, which is equivalent to the emissions of more than 27,200 cars per year. As part of its detailed, timebound Net Zero Roadmap, Nestlé is committed to sourcing 100 per cent renewable electricity across its sites globally by 2025.
Chief Procurement Officer, Nestlé North America, Kate Short, added that carbon reduction efforts in the company’s operations are essential to Nestlé’s journey to achieve net zero emissions by 2050.
Enel’s Ganado solar-plus-storage project is expected to become operational in Q2 2023.