Cerealto, a global agro-food company, has partnered with EiDF Solar, a company specializing in self-consumption photovoltaic installations, with an agreement that involves the development of four photovoltaic self-consumption projects in three of its factories in Spain: Toro (1.2 MW), Aguilar de Campoo (3.2 MW), and Venta de Baños on two roofs (2.2 MW in total), which will generate a total power of around 7 MW, obtained from over 12,000 solar panels. This will mean an annual production of approximately 8.7 GWh and an estimated reduction of 24,435 tons of CO2, equivalent to 97,743 planted trees. The company will thus cover 70% of its electricity needs with renewable and environmentally friendly energy, resulting in reduced costs and improved competitiveness and efficiency of the business. With this agreement, EiDF Solar completes one of the largest installed power projects in its trajectory in the national territory.
Cerealto’s sustainability model is based on creating trusted relationships with each of its interest groups, ensuring a balance between economic growth, care for the environment, and the welfare of society, reflected in its Global Energy Efficiency and Renewable Energy Plan. Javier Leal, Cerealto’s Director of Operations, explains that «Cerealto’s main goal is to reduce a total of more than 24,000t of CO2 eq/year, equivalent to the emissions of more than 10,000 households, if we add up all the energy efficiency projects. This will significantly reduce the energy impact derived from our industrial activity in line with the European Union’s Sustainable Development Goals in support of the Integrated National Energy and Climate Plan (PNIEC) 2021-2030.»
Meanwhile, KPMG’s Turnaround Advisory team in Spain has advised both parties on the opportunity study process and the review of the previous offer before the agreement.
EiDF Solar is an integrated renewable energy group with three business areas: self-consumption, generation, and commercialization. The company is the largest operator in the national market in the self-consumption segment, having executed more than 4,000 self-consumption projects for Spanish companies that add up to 450 MW of clean and non-polluting solar energy. It has 12 commercial delegations throughout the country. In Generation, it has a pipeline of 2.6 GW with projects spread throughout the national territory. Following its vertical integration strategy, the energy generated in its parks will be sent to its commercialization unit.
Cerealto is a European leader in solutions for large, strategic market customers and own-brand products for large distribution chains in the categories of biscuits, cereals, snacks, and pasta, operating since 1991. The company has production plants in Spain, Portugal, Italy, and Mexico. With 3,000 collaborators worldwide, the company produces around 250,000 tons of products annually.
KPMG is a global organization of independent professional services firms that provide audit, tax, and legal, financial, and business advisory services. It operates in 143 countries and territories, with over 265,000 partners and employees working in member firms worldwide. In Spain, more than 5,500 professionals work from 16 offices and seek answers to our clients’ growing expectations. The focus of the services from the turnaround advisory area is to help our clients undertake operational transformation projects with a focus on cost efficiency and stability in results.
