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NewsEnel and Mars Sign Largest Corporate Solar Agreement Worldwide

Enel and Mars Sign Largest Corporate Solar Agreement Worldwide

Enel North America and Mars, Incorporated, a global leader in pet care, snacking, and food products, have finalized a major power purchase agreement (PPA) covering the full output of three solar plants in Texas.

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This transaction marks Enel’s largest corporate PPA worldwide. Together, the three agreements total 851 MWac and are expected to generate approximately 1.8 terawatt-hours of electricity annually.

In a sustainable dual-use practice, vegetation at all three sites will be managed through sheep grazing—a program Enel has expanded through the largest solar grazing agreement in the United States.“As we celebrate 25 years in North America, Enel marks a milestone with one of the largest corporate PPA transactions on the U.S. market—nearly two terawatt-hours annually, equivalent to the electricity needed to power 150,000 homes,” said Michele Di Murro, CEO of Enel North America. “This deal reinforces our commitment to decarbonization and shows how renewables are among the fastest and most affordable solutions to meet the nation’s energy needs. Through these agreements, we’re adding clean capacity to the Texas grid while supporting a leading manufacturer’s sustainability goals.”

“Many large companies are well on their way to sourcing renewable electricity for their own operations, but that’s just a part of the picture,” said Kevin Rabinovitch, Global VP Sustainability at Mars. “For Mars, Renewable Acceleration is a performance accelerator, cutting emissions at a scale and speed we could never achieve through traditional value chain engagement approaches. It lets us bring demand for all the electricity used in our value chain to the clean energy market in a highly efficient manner. The more demand we create together, the faster we can build the future we all want. And clean energy means cleaner air for our communities, our people, our partners.”

Also Read  CEL Invites Global Consultants For 1.25 GW Solar, Semiconductor, Data Center And Space Projects


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