The agreement foresees the supply of 30% of the total yearly electricity consumption at these plants and around 15% of the total electricity consumed by Bunge in Argentina. The renewable electricity will be supplied from the Pampa Energía and Parque de la Bahía wind farms and the agreement considers a future expansion of Parque de la Bahia, which will start to generate wind power in March 2023. 

Increasing the use of wind, solar and other sources of renewable electricity is one of the ways Bunge plans to meet its science based targets (SBTs), which call for an absolute reduction of greenhouse gas emissions by 2030. This agreement in Argentina follows similar recent partnerships between Bunge and renewable electricity providers in North America and Europe, which underscore the Company’s commitment to climate action. 

"We are focused on creating clear and measurable pathways to achieve our sustainability goals towards climate action in our operations and across our value chains" said Ramón Fernández Asenjo, Industrial Operations VP, "This agreement reinforces our strategy in providing sustainable, low-carbon solutions in food and ingredient production to consumers around the world," he concluded. 

Gustavo Mariani, CEO of Pampa Energía, added: "Through this alliance we reinforce our commitment to a more sustainable future. It is highly satisfying to see how the renewable energy generated in Pampa can help our customers demonstrate their contribution to the environment and meet their sustainability goals."