DuPont seals 135-MW wind VPPA in Texas

Wind turbines in Texas. Author: Will De Freitas. License: Creative Commons, Attribution-NonCommercial-NoDerivs 2.0 Generic.

September 23 (Renewables Now) - US technology-based materials company DuPont de Nemours Inc (NYSE:DD) has contracted 135 MW of wind power generating capacity from a wind park that will be built in Texas.

The company said on Thursday that it has entered into a virtual power purchase agreement (VPPA) with a unit of NextEra Energy Resources LLC in relation to the output of the Appaloosa Run Wind project in Upton County. In early May, Dallas-based renewable energy developer Tri Global Energy said it had sold that particular project but did not disclose the name of the buyer.

According to DuPont’s announcement, a subsidiary of NextEra Energy Resources is developing Appaloosa Run Wind and expects it to become operational by the end of next year. Under the terms of the agreement, DuPont will purchase some 528,000 MWh of electricity annually. Schneider Electric supported the company during negotiations.

The contract aligns with DuPont's objective to cut absolute greenhouse gas (GHG) emissions by 30% by 2030 and reach 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.

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

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