Louis Dreyfus Company signs renewable power purchase agreement with Pampa Energía

ARGENTINA — Global agricultural merchant and processor Louis Dreyfus Company (LDC) has signed a five-year renewable power purchase agreement with Pampa Energía for the supply of renewable electricity to its Timbúes agro-industrial complex in Santa Fe, Argentina.

The agreement will facilitate the annual purchase of 39,500 megawatts/hour-year generated by the Pampa Energía III wind farm in the district of Coronel Rosales, Buenos Aires province.

LDC will receive also International Renewable Energy Certificates (I-RECs), an international instrument for tracking and transparently reporting the renewable origin of electricity consumed.

Starting from early 2023, over 50% of the plant’s average electricity consumption will come from renewable sources, contributing to reducing LDC’s Scope 2 emissions in Argentina associated with its electricity use.

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“Ensuring sustainable operations by expanding our energy matrix with renewable sources in LDC’s industrial facilities is an important part of the group’s decarbonization roadmap, led by our recently created Carbon Solutions Platform, and our commitment to help shape a net zero economy,” said Diego Pereyra, head of industry for grains and oilseeds for LDC.

“This initiative builds on a range of other energy-, waste- and conservation-related actions in the country and globally, in keeping with LDC’s global approach to shaping increasingly fair and sustainable food and agricultural production.”

Building on the efforts and commitments outlined in its 2021 Sustainability Report, LDC will continue to advance toward its global decarbonization goals through collaborative projects and initiatives such as these, to drive down emissions and promote more sustainable practices within its operations and value chains.

LDC’s activities span the entire value chain across a broad range of business lines, including grains and oilseeds, coffee, cotton, juice, rice, sugar, freight, carbon solutions and global markets.

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Pampa Energía signed a seven-year agreement with global agribusiness, Bunge to use renewable electricity at its plants in Campana, Ramallo, San Jerónimo Sud, and at TFA in Puerto General San Martín, in Argentina.

The agreement foresees the supply of 30% of the total yearly electricity consumption at these plants and around 15% of the total electricity consumed by Bunge in Argentina.

The renewable electricity will be supplied from the Pampa Energía and Parque de la Bahía wind farms and the agreement considers a future expansion of Parque de la Bahia, which will start to generate wind power in March 2023.

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