Kraft Heinz Procures Wind Energy From Repsol

Kraft Heinz Co KHC has signed a power purchase agreement with the Madrid-based energy company Repsol S.A. REPYY. The financial terms were not disclosed.
The twelve-year agreement is the company’s first investment in wind energy and aligns with its vision of sourcing a major part of its electricity from renewable sources by 2025.
Kraft Heinz is expected to source over 90 gigawatt-hours per year of renewable energy from Repsol's largest wind project, Delta II.
The energy procured will power about 90% of Kraft Heinz’s European manufacturing sites.
Price Action: KHC shares closed higher by 0.68% at $38.66 on Monday.