Thai agro-industrial and food conglomerate CP Foods recently announced plans to increase the installation of solar panels at 180 animal farms, feed mills, and processing plants across Thailand, with a total capacity of 65 Megawatts (MW) by 2023. The company is gearing up to reach 100 MW of solar energy in its supply chain by 2025.
So far, CP Foods has already completed installing solar energy systems on the rooftops of 27 factories. The company also launched 10 solar farms and 2 floating solar sites. CP Foods is currently installing solar rooftop and solar floating systems at an additional 67 operations. It will set up solar panels in more than 80 locations at a later stage.
By 2025, approximately 34 operations of aquaculture businesses from more than 180 operations, including shrimp farms, aquafeed mills, and food processing plants across Thailand, will have installed solar panels to generate electricity for its operations. This initiative will help the company reduce greenhouse gas emissions from its production by about 44,000 tons of CO2 equivalents.
The company aims to maximize the proportion of renewable energy consumption in its value chain to 50% by 2030 and to become a food company that utilizes 100% renewable energy across its value chain.
Currently, the company’s renewable energy utilization in its food value chain accounts for 30% of total energy consumption. This comprises energy from biogas 30%, biomass energy 68% and solar energy 2%, which helps mitigate 600,000 tons of GHG carbon dioxide equivalent.
(Source: CP Foods)