America

( )Mondelez is trying to accelerate America’s renewable energy boom by purchasing enough power to produce 10 billion Oreo ies per ye.

Ivory Coast
By agreeing to buy power from an under-construction Teas fm, the maker of Cadbury and epects to slash 80,000 metric tons of cbon dioide — or roughly 5% of the ’s 2013 global .
The reable purchase reflects Mondelez’s desire to protect its agri supply chn from the threat of climate change, the t .
    “We want to be at the forefront of the fight agnst ,” Jonathan Horrell, of sustnability at Mondelez, sd in an . “It makes sense for our , our s and our s.”
    Mondelez joins (FB), General Motors (GM), Adobe (ADBE), and that e attempting to “ the grid” by promising to purchase reable . Those power purchase agreements pave the way for reable projects like the Roadrunner fm getting built by Enel Power in Teas, which is where Mondelez is buying power.
    “Reables e becoming increasingly price competitive. We’re seeking to that by scaling up,” Horrell sd.

    fuels getting crowded out

    Under the terms of the agreement, Mondelez agreed to purchase the delive to the grid from a 65-megawatt portion of the fm, which is scheduled to begin operating by the end of the ye.
    Mondelez estimates the reable purchased is enough to produce more than 50% of Oreo ies consumed in the annuy, or 0 billion ies.
    “The more reable that is produced, the more that fuels e crowded out. These in that direction,” Georg Papadimitriou, of Enel Power , t .
    manufacturing emissions
    Mondelez sd the power purchase s its goal to 2020 in by 15% from 2013 levels.

    threatens cocoa, w

    The sd that goal is being driven lgely by two : a desire from shoppers for sustnable s and a realization that supply chns e threatened by .
    has the potential to affect us substantiy as a in the future,” Horrell sd.
    For instance, Mondelez’s snacks require access to raw , such as high-quality cocoa for Cadbury . Most of the world’s cocoa comes from West , especiy the and .
    snack giant
    Horrell noted that negatively imp the temperatures and f in the region, dealing a blow to cocoa .
    Likewise, Mondelez relies on w fmed in the and elsewhere to make Chips Ahoy! ies, and W Thins.
    But higher temperatures and droughts caused by could the ion of w in the future.
    “Whether it’s a w in or a coco in West , it’s an issue,” Horrell sd.

    Reables on the rise

    The Mondelez purchase comes on the heels of a milestone in the booming reable industry. In April, the reable nrowly surpassed the insted capa of for the in , according to SUN DAY Campaign, a rerch group that s .
    Texas
    Power , under pressure from customers and states, e increasingly ing to reable — especiy as costs for and continue to drop.
    this week, PSEG Power, a power based mnly in the Northeast and Mid-, announced an agreement to sell its stake in a pr of in western . The rest of PSEG’s -generating have either been s or scheduled for .
      -based cel (XEL) has gone from a - power to one promising to deliver zero-carbon electricity by 2050.
      “Reables e the way . Being cost competitive and sustnable is a value proposition that no one can deny,” sd Enel’s Papadimitriou.


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