Saputo signs large-scale virtual power purchase agreement with Capital Power
Retrieved on:
Wednesday, March 27, 2024
MONTRÉAL, March 27, 2024 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (we, Saputo or the Company) today announced it has entered into a 15-year virtual power purchase agreement (VPPA) with Capital Power (TSX: CPX), a North American power producer.
Key Points:
- MONTRÉAL, March 27, 2024 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (we, Saputo or the Company) today announced it has entered into a 15-year virtual power purchase agreement (VPPA) with Capital Power (TSX: CPX), a North American power producer.
- The agreement pertains to a Canadian-based wind facility (Halkirk 2 Wind) currently under construction.
- Saputo has been working hard to address climate change since making its Environmental Pledges public in 2020.
- The Company has invested $70 million in capital to fund more than 65 projects to reduce the carbon, energy, and water intensities of its operations, in addition to signing another long-term power purchase agreement in Australia in 2021.