Grupo Bimbo signs agreement with Invenergy for 100 Percent Renewable Energy for U.S. Operations
Committed to working on a sustainable path for a better worldthrough its ongoing technology and innovation investments to reduce its environmentalfootprint, Grupo Bimbo announced that it has signed a virtual power purchase agreement (VPPA)to receive 100 megawatts of wind energy from Invenergy, North America’s largest independentrenewable energy company. The agreement will deliver emissions reductions as well as socialand economic benefits related to Invenergy’s Santa Rita East wind farm in Texas.
This agreement comes as part of Grupo Bimbo’s larger initiative to become the first bakingcompany in the U.S. to use 100% renewable energy for its operations by 2020. Beginning in thethird quarter of 2019, wind energy production from the Santa Rita East wind farm will be matchedwith energy consumption from Grupo Bimbo’s U.S. operations through the VPPA agreement.This will result in CO2emissions reductions of 260,000 tons annually. With this sustainable action,Grupo Bimbo will reach 75% renewable energy at a worldwide level, with overall CO2emissionsreductions of 440,000 tons every year globally.
“We are excited to partner with Invenergy in order to help reduce greenhouse gas emissionsacross the U.S.,” said Daniel Servitje, Chairman and Chief Executive Officer of Grupo Bimbo. “Westrive to be leaders in sustainability – it is part of our Purpose of building a sustainable, highlyproductive, and deeply humane company – and decreasing our environmental footprint is one ofour primary goals.”
Construction and operation of Invenergy’s Santa Rita East wind farm will deliver substantial socialand economic benefits to Irion County, Texas. This includes up to 300 jobs during construction,and 12 to 15 permanent jobs once operational. Additionally, as part of Invenergy’s agreementwith the County, the project will generate $4,000 every year for 8 years for the Mertzon’s LionsClub, Irion County Volunteer Fire Department and the Extension Education Club.
“This agreement is a great example of how companies across all industries can view renewableenergy as beneficial for both the environment and business,” said Invenergy’s Founder & CEOMichael Polsky. “Grupo Bimbo is one of the organizations leading the way for sustainability in thebaking industry, and as Invenergy continues to lead the way to a clean energy future, we areproud to help expand their commitment to using renewable energy on a global level.”
Since 2015, Invenergy has partnered with 10 corporate customers to develop more than 1,100megawatts of new renewable energy capacity. As a privately held, full-service energy solutionsprovider, Invenergy has the unique ability to be creative when it comes to solving complex energychallenges for corporate customers.
Grupo Bimbo focuses its efforts in four environmental action lines: carbon footprint reduction,water footprint reduction, waste management and natural capital.
ǰǰԴڴǰپDzDzҰܱ’sܲٲԲٲԾپپ, here.
About Invenergy
Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, andoperate large-scale renewable and other clean energy generation and storage facilities in theAmericas, Europe and Asia. Invenergy's home office is located in Chicago and it has regionaldevelopment offices in the United States, Canada, Mexico, Japan, Poland and Scotland.
Invenergy and its affiliated companies have developed more than 19,400 megawatts of projectsthat are in operation, construction or contracted, including wind, solar, natural gas-fueledpower generation and energy storage projects. For more information, please visit.
About Grupo Bimbo
Grupo Bimbo is the largest baking Company in the world and a relevant participant in snacks.
Grupo Bimbo has 196 plants and more than 1,800 Sales Centers strategically located in 32countries throughout the Americas, Europe, Asia and Africa. Its main product lines include freshand frozen sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods,tortillas, salted snacks and confectionery products, among others. Grupo Bimbo produces over13,000 products and has one of the largest direct distribution networks in the world, with morethan three million points of sale, around 58,000 routes and more than 138,000 associates. Itsshares trade on the Mexican Stock Exchange (BMV) under the ticker symbol BIMBO, and in theover-the-counter market in the United States with a Level 1 ADR, under the ticker symbolBMBOY.
Grupo Bimbo Operations in the US include:
Bimbo Bakeries USA (BBU). Headquartered in Horsham, Pennsylvania, it is the largestbaking company in this country, producing healthy baked breads and sweet baked goods,with brands like Sara Lee, Entenmann's, Arnold, Thomas’ and Stroehmann. Today, BBUoperates more than 50 bakeries and distributes products through 11,000 sales routes throughout the United States.
Bimbo QSR. The newest Organization in Grupo Bimbo, dedicated to food service thatsupplies baked goods to Quick Service Restaurants (QSR) across the world. It operatesthree bakeries inside the US and 18 bakeries around the world. Product portfolio includes:Traditional buns, muffins, rolls, tortillas, bagels, artisanal and frozen bread,, amongothers.
Barcel USA. A branch of Barcel Mexico, it brings salty snacks to the US. Headquartered inCoppell, Texas, it manufactures, distributes and sells a great selection of innovative candyand snacks, offering a mix of unique, sweet and spicy products elaborated with thehighest quality standards. Among its top products, one can find: Takis, Paleta Payaso,Bubulubu, Hot Nuts, Vero Elote and many others.
