Nestlé announced plans to invest in Taygete I, a 2,000-acre solar project owned and developed by 7X Energy in Pecos County, Texas. This is Nestle’s largest direct investment (by capacity) in a renewable energy project to date. With this investment, the solar project will add 250 MWac of solar electricity to the U.S. grid.
In addition to its direct investment, Nestlé will purchase 100% of the renewable electricity attributes generated by the project’s energy production, estimated to be 750,000 megawatt hours per year for 15 years. The carbon emission reduction (530,280 metric tons of CO2) is equivalent to the emissions of making 4 billion DiGiorno pizzas per year.
“Nestlé’s investment in Taygete I is an important milestone on our journey to achieve net zero by 2050. This is an aggressive goal, and to achieve it we are innovating across our company, from the ingredients we use, to the packaging that keeps our food and beverages safe, to how we make and transport our products,” said Jim Wells, Chief Supply Chain Officer for Nestlé USA. “We are proud that our investment will expand the availability of renewable energy, adding enough solar electricity to the U.S. grid to power 90,000 homes each year. Also, with this step, we continue to be on track for a 35% GHG emissions reduction per ton of product in our U.S. manufacturing facilities by the end of 2020.”
