Mexico’s Bimbo backs $200 mln wind farm for power

Reuters, 12/3/2010

Grupo Bimbo, one of the world’s biggest breadmakers, said on Thursday that it was teaming up with a Spanish company to build a $200 million wind farm to supply the bulk of electricity needed for its Mexico operations.

“This is going to be the biggest conversion from fossil fuels to renewable energies that any food company has carried out in the world,” Bimbo Chief Executive Officer Daniel Servitje told Reuters in a telephone interview.

“Given the efficiencies of wind generation, it will be both a profitable project for us, as well as very positive for the environment.”

The wind farm, to be built by the Mexican affiliate of privately held Spanish renewable energy company Renovalia, should provide nearly 100 percent of the electricity needed to run Bimbo’s operations in Mexico, Servitje said.

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