Subscribe today and receive an extra account for free.
Subscribe
Wind park in Texas. Author: Rockin'Rita. License: Creative Commons, Attribution-NonCommercial-NoDerivs 2.0 Generic.
June 11 (Renewables Now) - US metal packaging producer Crown Holdings Inc (NYSE:CCK) will buy electricity from a wind park in Knox County, Texas, to supply its beverage can plants in the US and Canada.
Crown has entered into a Virtual Power Purchase Agreement (VPPA) with Longroad Energy for 400,000 MWh of electricity from the above-mentioned wind park. The company said in a statement that the purchased power will offset 100% of the energy usage within its US and Canadian beverage plants, which in turn represent more than 20% of its global Scope 2 greenhouse gas emissions.
The contract has a term of 15 years and becomes effective on July 1, 2020.
Based in Yardley, Pennsylvania, Crown has joined the RE100 initiative, led by The Climate Group and CDP. The campaign brings together businesses committed to 100% renewable electricity, as is the case with the packaging producer, which seeks to achieve that goal by 2050.
The objective for 2020 is 30% and to reach it Crown is considering renewable options in other countries, including Mexico, it said.
Weekly renewables M&A round-up (Jan 13-17)
Jan 17, 2020 15:42 CEST
Clearway finalises financing on 76-MW solar portfolio
Jan 17, 2020 15:25 CEST
US energy firm LS Power finalises purchase of EVgo
Jan 17, 2020 10:43 CEST
Leap raises USD 8.2m to fund growth of distributed energy exchange
Jan 17, 2020 10:16 CEST
Sprint to cover Virginia sites' power demand with renewables
Jan 17, 2020 10:04 CEST
Microsoft makes 2030 "carbon-negative" pledge
Jan 17, 2020 9:27 CEST
