CHICAGO, Dec. 4, 2019 /PRNewswire/ -- Conagra Brands, Inc.
(NYSE: CAG) today announced it has entered into a 15-year service
agreement with SolAmerica Energy to place eight acres of solar
panels on the company's St. Elmo,
Ill. facility property.
The energy generated by the photovoltaic array will be
equivalent to the amount needed to produce approximately 35% of all
Wish-bone salad dressings as well as Log Cabin and Mrs.
Butterworth's syrups which are produced at the facility.
The 2 megawatt system is being developed under the Illinois
Shines initiative, a state-administered incentive program
supporting the development of new solar energy generation in
Illinois. Under the program, the Renewable Energy Credits
(RECs) from the system will be purchased by Ameren Illinois.
Work on the project is set to begin this winter with completion
slated for Spring 2020.
"At Conagra Brands, we strive to be mindful of our impact on the
environment," said Katya Hantel,
director of sustainable development for Conagra Brands. "Exploring
renewable energy technologies is just one of the many ways the
company is investing in a more sustainable future."
The project is being developed and installed by SolAmerica
Energy, an Approved Vendor under the Illinois Shines program.
"SolAmerica is excited to partner with Conagra Brands to help
bring large-scale renewable energy to Illinois," said Stan
Allen, Chief Executive Officer for SolAmerica Energy. "Our
shared desire to pursue a project that would be both financially
and environmentally beneficial was a recipe for success in bringing
the deal together."
As part of its broader commitment to environmental leadership,
Conagra Brands is also exploring renewable energy technologies at
other facilities within its network.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG),
headquartered in Chicago, is one
of North America's leading branded
food companies. Guided by an entrepreneurial spirit, Conagra Brands
combines a rich heritage of making great food with a sharpened
focus on innovation. The company's portfolio is evolving to satisfy
people's changing food preferences. Conagra's iconic brands, such
as Birds Eye®, Marie Callender's®,
Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as
well as emerging brands, including Angie's® BOOMCHICKAPOP®,
Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for
every occasion. For more information, visit
www.conagrabrands.com.
About SolAmerica Energy
SolAmerica Energy is a leading
developer and engineering, procurement, and construction provider
of commercial-scale solar energy and solar-plus-storage projects.
Founded in 2009, the company has installed over 100 megawatts of
solar capacity across multiple U.S. regions. For more
information, visit www.solamericaenergy.com.
For more information, please contact:
MEDIA: Kristine Mulford
312-549-5522
Kristine.mulford@conagra.com
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SOURCE Conagra Brands, Inc.