Driving Sustainable Growth: Bunge Partners with Genneia to Advance Renewable Energy Solutions in Argentina

Bunge, a global powerhouse in agribusiness, food, and ingredients, has recently entered into a decade-long agreement with Genneia to procure renewable energy for its facilities across Argentina. Starting in March 2024, Bunge’s plants in Campana, Ramallo, San Jerónimo Sud, and TFA (Terminal de Fertilizers Argentinos SA) in Puerto General San Martín will benefit from this partnership, accounting for 58% of their total annual electricity consumption and approximately 40% of Bunge’s overall electrical energy usage in the country. Genneia will supply renewable energy sourced from its portfolio of wind and solar farms.

This strategic move aligns with Bunge’s commitment to meet its science-based targets (SBT), which aim to reduce greenhouse gas emissions by 2030, chiefly by ramping up the utilization of wind, solar, and other renewable energy sources. Verónica Imoda, Director of Industrial Operations in Argentina, emphasized Bunge’s dedication to sustainability, stating that concrete measures like this agreement are integral to shrinking the company’s carbon footprint while maintaining its mission to supply food, ingredients, and fuels safely and sustainably worldwide.

In response to the dynamic market landscape, Genneia offers a suite of sustainable solutions tailored to the energy needs and challenges of its diverse clientele. Bernardo Andrews, CEO of Genneia, expressed pride in supporting Bunge’s journey towards energy transition through renewable energy supply in Argentina. He highlighted Genneia’s commitment to fortifying its position as a leader in the corporate renewable energy market, which serves as a primary driver of renewable energy growth in the country.

Genneia, renowned for its role as Argentina’s premier renewable energy generator, remains steadfast in aiding its clients’ decarbonization efforts while bolstering its own sector dominance. Surpassing the monumental milestone of 1 GW (1004 MW) of installed capacity, Genneia solidifies its standing as a trailblazer in Argentina’s renewable energy landscape.