Mars, Inc. revealed its new power-purchase agreement with Apex Clean Energy to provide renewable energy that will cover more than 100 percent of the electricity needed for its 2,000 veterinary hospitals in the U.S.
This agreement allows Mars to continue to meet its sustainability goal to source 100 percent renewable electricity in the U.S. and is designed to address the company’s significant business growth, including the expansion of Mars Veterinary Health.
The partnership between Mars and Apex, facilitated by Commodity Risk Solution, includes Mars suppliers BHJ and Silgan Containers, and will enable construction of a new 121.26 MW wind farm in Ford County, Ill., set for completion by the end of 2021. The Ford Ridge Wind facility is jointly owned by Apex, with funds managed by Ares Management Corporation’s Infrastructure and Power strategy. Together with an existing wind farm in Texas, Ford Ridge will generate enough power for the entire Mars confectionery, food, and pet care businesses in the U.S. This includes all Banfield Pet Hospital, BluePearl, and VCA veterinary hospitals, and more than 70 Antech Diagnostics laboratories.
When operational, the project will also:
- Create approximately 250 full-time-equivalent jobs during construction as well as permanent operations and maintenance jobs.
- Bring more than $36M in new revenue to local governments over the next 30 years.
- Provide participating landowners roughly $45M in lease payments over the 30-year life of the project, a meaningful infusion of revenue to help sustain the regional business community and agriculture industry.
“As our business in the U.S. continues to grow, Mars is committed to embedding sustainable solutions throughout our operations," said Barry Parkin, chief procurement and sustainability officer at Mars. "This partnership is further evidence that we are moving full steam toward our emissions targets and driving climate action throughout our extended value chain.”