Hershey announces new renewable energy agreements

For the first project, located in Camden/North Carolina, Hershey has made a 15-year power purchase agreement (PPA) that will enable the financing and construction of the company’s first utility-scale solar farm. This solar project will be a 20 MW facility on 218 acres of land. Once completed, the North Carolina project will reduce CO2 emission by 32,025 t/a.

In addition, Hershey has signed a solar power purchase agreement (PPA) with National Grid Renewables for 50 MW of the previously announced Noble Project (Noble), currently under construction in Denton County/Texas. Hershey’s solar contract will account for an estimated 118,000 MWh/a, creating a reduction of approximately 83,625 t of CO2 emissions annually.

Together, both solar projects will generate significant clean power in North Carolina and Texas as well as significantly reduce Hershey’s CO2 footprint by 115,650 t each year. The projects support the company’s science-based targets commitments to reduce greenhouse gas (GHG) emissions in line with the global best practice of the Paris Climate Agreement to limit global temperature rise to 1.5 °C. Renewable energy investments and energy efficiency projects are a key focus area for Hershey to achieve its goal to reduce Scope 1 and 2 emissions by more than 50 % by 2030.