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Apparel retailer Gap seals 90-MW wind VPPA with Enel

Wind turbines at work. Author: Nick Cross. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

August 9 (Renewables Now) - Gap Inc (NYSE:GPS) has entered into a virtual power purchase agreement (VPPA) with the North American unit of Enel SpA (BIT:ENEL) for a 90-MW portion of a new wind park in North Dakota.

The 12-year contract will see the California-based apparel retailer receive roughly 374 GWh of electricity a year. It is tied to the 299-MW Aurora wind project, which Enel Green Power North America will construct, own and operate in North Dakota’s Williams and Mountrail counties. The plant is expected to become operational by the end of next year.

This latest PPA will help Gap in its efforts to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions for its owned and operated facilities by 50% by 2020 compared to 2015. The company is also establishing a Scope 3 objective to cut upstream and downstream emissions, including in its supply chain. The target for 2030 is to have 100% renewable energy across its global owned and operated facilities.

Earlier this year, Gap teamed up with Bloomberg, Cox Enterprises, Salesforce and Workday to ink a joint renewable energy deal for 42.5 MW. Before that, Gap also entered into a 20-year PPA with SunPower for 3 MW of onsite solar power.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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