Cargill reports increasing its contracted renewable energy capacity by 42% after signing five new deals to bring online an additional 300 megawatts of wind and solar capacity, expanding its total offsite renewable energy portfolio to 716 megawatts.

These contracts play a meaningful role in helping it achieve its goal to reduce absolute operational greenhouse gas emissions by 10% by 2025, against a 2017, baseline, with the company already achieving an emissions reduction of 10.97% as of calendar year 2022.

Globally, its renewable energy portfolio includes 15 projects online across 12 countries. This portfolio is primarily composed of wind and solar Power Purchase Agreements (PPAs) and Virtual Power Purchase Agreements (VPPAs), or agreements to buy renewable electricity and associated renewable energy credits for a defined period.

Once five additional contracts are fully operational in 2024, its renewable electricity mix is anticipated to reduce its CO2e emissions by nearly 820,000 metric tons per year – the equivalent of removing nearly 200,000 gas-powered vehicles from the road for one year.

Christina Yagjian, global renewable energy leader, said, “Cargill’s commitment to climate action spans our entire business and focuses on feeding a growing global population more sustainably. Renewable energy projects are just one of several ways we are weaving sustainable practices into our supply chains and global operations. While Cargill’s greatest opportunity for emissions reductions lies within its global supply chains, reducing emissions from the company’s operations is a critical step in our efforts to decarbonize the food and agriculture industry and supports not only our climate goals, but also those of our customers.”