MINNEAPOLIS, June 8, 2017 /PRNewswire/ -- General Mills
has taken another step toward its climate goal with the signing of a virtual 15-year power purchase agreement with Renewable
Energy Systems (RES) for 100-megawatts (MW) of its Cactus Flats wind project. The wind project will produce renewable energy
credits for General Mills that can be applied toward the company's greenhouse gas emission reduction goals. During the peak of
construction, the project will create about 250 jobs in the clean energy workforce.
"As we help mitigate the impacts of climate change, investing in wind energy is the right thing to do," said John Church, Executive Vice President of Supply Chain at General Mills. "This investment is another step
towards reducing our energy footprint and achieving sustainable emission levels - in line with scientific consensus - by
2050."
General Mills' investment will help fund the construction of the 150-megawatt Cactus Flats wind project being developed in
Concho County, Texas by RES, a leading global renewable energy and energy storage development
and construction company. The project's renewable energy credits will enable General Mills to reduce its Scope 2 emissions as
part of its target of
sustainable emission levels across its global value chain by 2050. In 2016, General Mills reduced the greenhouse gas
emissions of its extended value chain by 2 percent versus 2015.
"RES is proud to support General Mills in reducing its energy footprint and reaching its sustainability goals," said
Brian Evans, Chief Development Officer, RES in the Americas. "We will continue to work with
industry leaders, like General Mills, to deliver clean, reliable power at a competitive price."
The wind energy industry is currently one of the fastest growing segments for job creation, adding jobs 9 times faster than
the overall U.S. economy*. According to Navigant Consulting, "the U.S. wind industry will support 865,000 job-years of employment
and provide $85 billion in economic impact in 2017-2020"**.
Cactus Flats is located in a particularly favorable wind area in central Texas, which is the
leading state in the U.S. for wind energy production with over 20,000 MW of installed capacity***. General Mills worked with
Altenex, an Edison Energy company, to ensure the project met its sustainability, performance and economic objectives.
"General Mills' announcement is a significant step," said Cynthia Cummis, WRI's Director of
Private Sector Climate Mitigation. "It demonstrates their ongoing commitment to achieve their climate goals."
General Mills is listed on the 2016 CDP Climate
A-List. For more information on General Mills' ambitious climate commitment, visit its 2017 Global
Responsibility Report and Taste of
General Mills blog.
*American Wind Energy Association's (AWEA) " U.S. Wind Industry Annual Market Report Year Ending 2016"
**Navigant Consulting's "Economic Development Impacts of Wind Projects: Jobs and Economic Impacts Resulting from U.S. Wind
Projects 2017-2020"
***AWEA's " U.S. Wind Industry Fourth Quarter 2016 Market Report "
About General Mills
General Mills is a leading global food company that serves the world by making food people love. Its brands include
Cheerios, Annie's, Yoplait, Nature Valley, Fiber One, Haagen-Dazs, Betty Crocker , Pillsbury, Old El Paso , Wanchai Ferry , Yoki and more. Headquartered in Minneapolis,
Minnesota, USA, General Mills generated fiscal 2016 consolidated net sales of US $16.6
billion, as well as another US $1.0 billion from its proportionate share of joint-venture
net sales. For more information about General Mills, visit www.generalmills.com .
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/general-mills-continues-clean-energy-leadership-signs-wind-power-agreement-300470739.html
SOURCE General Mills