- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
