Invenergy has signed a power-purchase agreement (PPA) with 3M to provide the science and technology company with 120 MW of wind energy to help support its North American operations.
“3M is a global company with a commitment to sustainability and we’re very proud to help them strengthen that commitment with this agreement,” said Invenergy’s VP of Sales and Marketing Craig Gordon.
“Corporate off-site renewable energy procurement is one of the most exciting changes we’ve seen recently in our industry as the sector nearly tripled from 2014 to 2015 with more than 3,400 MW announced,” Gordon added. “We expect 2016 to be another strong year for direct corporate procurement.”
The agreement with 3M includes the sale of wind energy from the Gunsight Wind Energy Center located in Texas. Energy from the 120-MW project will be delivered into the Electric Reliability Council of Texas (ERCOT) regional electricity grid. With the addition of Gunsight, Invenergy will operate more than 1,700 MW of power plants in the state.
“This agreement is an important and significant step toward accomplishing our company goal of increasing renewable energy to 25 % of our total electricity use by 2025,” said Jean Bennington Sweeney, VP of 3M Environment, Health, Safety, and Sustainability. “Perhaps even more importantly, this is an exciting step in helping to transform the way the world uses energy. Innovation and partnerships like this one with Invenergy are critical to improving our business, our planet, and people’s lives across the globe.”
In January, Invenergy announced a 225-MW wind PPAs with Google to provide the multi-national technology giant with renewable energy to help support all of its data centers worldwide. Google first announced this deal in November at the COP21 conference in Paris. And in late 2015, Invenergy also announced two separate wind PPAs with Equinix and another Fortune 500 Corporation to provide the companies with renewable energy to support their ambitious corporate sustainability goals.
Each of those agreements, along with the PPA with 3M, brings Invenergy’s total corporate customer renewable energy portfolio to 570 MW. As a signatory to the American Business Act on Climate Pledge, Invenergy is dedicated not only to meeting its own sustainability goals but to helping its corporate customers achieve their goals.
Invenergy is also a founding member of Rocky Mountain Institute’s Business Renewables Center, which is a collaborative platform aimed at accelerating corporate renewable energy procurement.
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