By Maitane Sardon
Repsol SA said Tuesday that it would provide renewable power to Kraft Heinz Co. as part of a deal that will help the food-and-beverage company cut its greenhouse-gas emissions.
The Spanish oil-and-gas company said that Kraft Heinz has secured 34.2 megawatts of renewable electricity generated at Repsol's wind farms through a virtual power purchase agreement deal.
Repsol said the twelve-year contract will contribute to Kraft Heinz's goals of obtaining the majority of the electricity it consumes from renewable sources by 2025 and halving its greenhouse-gas emissions by 2030. Financial details weren't disclosed.
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(END) Dow Jones Newswires