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CONTENT: 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.
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
The 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.
“Our partnership with National Grid Renewables reinforces our commitment to reduce our impact by continually improving the efficiency of our operations and expanding investments in renewable and alternative energy,” says Ron Jarvis, Chief Sustainability Officer at The Home Depot. “We are on track to meet or exceed our goal to procure or produce 335 megawatts of renewable or alternative energy by 2025.”
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The Noble Project will utilize next-generation Series 6 thin film solar modules developed and produced by First Solar, Inc. “By using First Solar modules, Noble will generate some of the lowest carbon solar electricity possible today,” said Georges Antoun, Chief Commercial Officer, First Solar. “With this project, National Grid Renewables demonstrates how lower carbon, responsible solar electricity produced with American solar technology can competitively and reliably power iconic US businesses.”