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Beer cans maker Crown inks wind PPA and joins RE100

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.

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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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