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Hershey Announces New Renewable Energy Agreements Aligned With 2030 Goal to Reduce Emissions by More Than 50%
Published 2 hours ago
Submitted by The Hershey Company
HERSHEY, Pa., April 20, 2021 /CSRwire/ -- The Hershey Company (NYSE: HSY) today announced two new clean energy partnerships to develop solar projects in the U.S. as it moves its operations toward the use of clean and renewable energy.
For the first project, located in Camden, North Carolina, Hershey has made a 15-year power purchase agreement (PPA) that will enable the financing and construction of the company's first utility-scale solar farm. The farm is being developed by global renewable energy developer BayWa r.e. This solar project will be a 20 megawatt (MW-AC) facility on 218 acres of land. Once completed, the North Carolina project will reduce CO2 emission by 32,025 metric tons per year, the equivalent of emissions incurred from driving more than 80 million miles in the average passenger car or charging nearly 3.9 billion smartphones.* Construction of the new solar farm is expected to be completed in late July.
Denton-countyTexasUnited-statesParisFrance-generalFranceNorth-carolinaAmericaJeff-kingNathan-franzenMilton-hersheyHershey-companyCONTENT: Press Release
HERSHEY, Pa., April 20, 2021 /3BL Media/ -- The Hershey Company (NYSE: HSY) today announced two new clean energy partnerships to develop solar projects in the U.S. as it moves its operations toward the use of clean and renewable energy.
For the first project, located in Camden, North Carolina, Hershey has made a 15-year power purchase agreement (PPA) that will enable the financing and construction of the company's first utility-scale solar farm. The farm is being developed by global renewable energy developer BayWa r.e. This solar project will be a 20 megawatt (MW-AC) facility on 218 acres of land. Once completed, the North Carolina project will reduce CO2 emission by 32,025 metric tons per year, the equivalent of emissions incurred from driving more than 80 million miles in the average passenger car or charging nearly 3.9 billion smartphones.* Construction of the new solar farm is expected to be completed in late July.
Denton-countyTexasUnited-statesParisFrance-generalFranceNorth-carolinaAmericaJeff-kingNathan-franzenMilton-hersheyHershey-companyThe Hershey Company has signed two PPAs to develop solar projects in the US as it moves its operations toward the use of clean and renewable energy.
For the first project, located in Camden, North Carolina, the snacks manufacturer has made a 15-year PPA that will enable the financing and construction of the company's first utility-scale solar farm.
The farm is being developed by global renewable energy developer BayWa.
This solar project will be a 20MW facility on 218 acres of land.
Construction of the new solar farm is expected to be completed in late July.
Hershey signed a second solar PPA with National Grid Renewables for 50MW of the previously announced Noble Project , currently under construction in Denton County, Texas.
Denton-countyTexasUnited-statesNorth-carolinaAmericaJeff-kingNathan-franzenHershey-companyEdison-energyNational-grid-renewablesNoble-projectNorth-americaFollow Us
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Sweet Deal—Hershey, Others Have Solar Pacts
A well-known chocolate maker has announced two new clean energy partnerships as the company continues to increase its sustainability efforts.
The Hershey Co. on April 20 said it has power purchase agreements (PPAs) to take electricity from two solar projects, one in North Carolina and another in Texas. Hershey, like many corporate power customers, has set a goal to reduce its carbon footprint and has begun investing in renewable energy developments. The Pennsylvania-based snacks producer on Tuesday said the projects “will support the company’s recently announced science-based targets commitments to reduce greenhouse gas (GHG) emissions.”
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