USA: Carbon Neutrality Dupont-Nextera Enter into Virtual Power Purchase Agreement for Renewable Energy
Under the virtual power purchase agreement (VPPA), the Nextera Energy Resources subsidiary will develop the new wind project ‘Appaloosa Run Wind’ in Texas, USA and will deliver the equivalent of 135 MWs of new wind power capacity annually. The move is in line with Dupont’s Acting on Climate goal of reducing absolute greenhouse gas emissions by 30 % and achieving carbon neutrality by 2050.
Delaware/USA – Dupont has announced that it has signed a virtual power purchase agreement (VPPA) with a subsidiary of Nextera Energy Resources with a generation capacity of the equivalent of 135 megawatts of new wind energy in Texas, USA.
The agreement, subject to customary performance conditions, supports Dupont’s Acting on Climate goal of reducing absolute greenhouse gas (GHG) emissions by 30 percent, including sourcing 60 percent of electricity from renewable energy, by 2030, and achieving carbon neutrality by 2050.
“Through this VPPA, together with our 2020 actions, we will soon be sourcing the equivalent of approximately 25 percent of our total electricity needs today from renewable sources,” said Miguel Gonzalez, Chief Procurement Officer at Dupont. “Renewable energy is one part of an integrated climate and energy approach that will help us deliver our purpose of empowering the world with the essential innovations to thrive and move towards a more sustainable operation.”
Through this VPPA, together with our 2020 actions, we will soon be sourcing the equivalent of approximately 25 percent of our total electricity needs today from renewable sources.
The VPPA will deliver the equivalent of 135 megawatts of new wind power capacity or approximately 528,000 megawatt hours (MWh) of renewable electricity annually. This amount of clean energy is equivalent to avoiding the carbon emissions from more than 81,000 passenger cars driven each year, or the annual electricity consumption of nearly 70,000 homes.
A subsidiary of Nextera Energy Resources is developing the project and will build, own, and operate it. The new wind project – Appaloosa Run Wind – will be built in Upton County, Texas and is expected to be operational by the end of 2022. Schneider Electric, the leading advisor on corporate renewable energy procurement globally, supported Dupont in the selection of and negotiations for the project.
Dupont’s plan to procure more renewable energy is helping to accelerate the transition to renewable sources in the U.S., and aligns with the company’s Acting on Climate sustainability goals. The company is reducing energy use through enterprise-level deployment of energy efficiency projects; sourcing low-carbon power, heating, and cooling; creating low-carbon industrial processes; and embedding climate risk into strategic and financial decisions, while advocating for progressive climate policy.