Tate & Lyle announces a major acceleration in its climate action with the signing of a long-term Power Purchase Agreement (PPA) in North America for renewable electricity and renewable energy credits (RECs) with clean energy leader Enel North America.
The 12-year PPA, which will commence in October, will deliver approximately 256,000 megawatt hours (MWh) of renewable electricity and associated RECs annually in North America from the Ranchland wind farm in Texas.
This is expected to match all of Tate & Lyle’s purchased electricity requirements for its manufacturing operations in North America, other than its McIntosh, Alabama facility which is covered by a separate renewable electricity agreement from its utility provider.
Nick Hampton, Chief Executive, Tate & Lyle said: “This agreement represents a major step forward in delivering on our ambitious science based climate targets, as well as a significant acceleration in the decarbonisation of our operations as we work towards becoming a net zero business."
"Through this agreement, we will be able to significantly reduce the carbon footprint of our ingredients and support our customers to achieve their decarbonisation goals.”
Anna Pierce, Director of Sustainability, Tate & Lyle said: “We are delighted to have partnered with Enel on this Power Purchase Agreement, and to support the development of additional renewable energy in North America."
"This agreement represents another milestone in the delivery of our sustainability strategy and is a clear demonstration of our commitment to care for our planet and its natural resources for the benefit of future generations.”
This agreement is part of Tate & Lyle’s broader sustainability programme which includes initiatives to reduce energy consumption, increase the use of renewable electricity and support sustainable agriculture.
Tate & Lyle’s climate targets are in line with a 1.5 °C trajectory and have been approved by the Science Based Targets initiative.
