At High Lonesome, Enel Green Power has partnered with leading food and beverage company Danone North America — parent company to beloved brands including Silk, So Delicious, Horizon Organic and Light & Fit, and the world’s largest Certified B Corp — on a 20.6 MW power purchase agreement (PPA). That’s enough electricity to produce the equivalent of 800 million cups of yogurt and over 80 million gallons of milk annually. The agreement between Enel and Danone North America will support the food and beverage leader in its commitment to secure 100% of its purchased electricity from renewable sources by 2030.
In addition, Enel will sell the energy produced by a 295 MW portion of the project under a Proxy Revenue Swap (PRS) to insurer Allianz Global Corporate & Specialty, Inc.'s Alternative Risk Transfer unit (Allianz), and Nephila Climate, a provider of weather and climate risk management products. The PRS is a financial derivative agreement designed to produce stable revenues for the project regardless of power price fluctuations and weather-driven intermittency, hedging shape risk in addition to risk associated to price and volume.
At Roadrunner, Enel is also partnering with The Clorox Company on a 12-year, 70 MW PPA . Representing about half of Clorox's 100% renewable electricity goal in its operations in the US and Canada, this agreement is expected to help Clorox accelerate achieving its goal in 2021, four years ahead of the company's original plan.