Commercial, Sourcing Renewables, Wind  -  March 29, 2024

Saputo Signs Canadian Wind VPPA

Saputo Inc. entered into a 15-year virtual power purchase agreement (VPPA) for wind power in Canada.

The dairy processing company signed an agreement with  Capital Power, and the long-term commitment is supported by energy procurement advisor Schneider Electric.

The agreement pertains to Capital Power’s Canadian-based wind facility (Halkirk 2 Wind) currently under construction. Subject to final regulatory approvals and once operational, the portion of the wind facility contracted by Saputo will generate approximately 206,300 MWh of renewable electricity per year. The new VPPA will ultimately cut down Saputo’s global CO2 footprint by 13% against its fiscal 2020 baseline.

“As a global leader in the food industry, it is vital we demonstrate our commitment to the long-term sustainability of the dairy industry,” said Carl Colizza, President and Chief Operating Officer (North America) for Saputo, in a statement. “This VPPA is an important step in sourcing clean, renewable electricity to reduce the carbon footprint of our North American operations, so that we may play our part as a sustainable dairy processor and safeguard the environment for future generations.”

In the coming months, the company will be planning its post-2025 climate commitments and targets aligned with the Science-based Targets initiative (SBTi) guidance. Saputo will continue to work with farmers, milk suppliers, and industry experts to address climate change and ensure the responsible production of dairy ingredients.

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