PPG to buy solar power for paint manufacturing plant in Texas

Pittsburgh-based paints and coatings supplier PPG Industries Inc (NYSE:PPG) has decided to buy power from a 200-MW solar power plant to supply its paint manufacturing facility in Carrollton, Texas.

The agreement was signed with Baltimore-headquartered energy retailer Constellation, a unit of Exelon Corporation (NASDAQ:EXC), and concerns the Big Star Solar project. In August, it was announced that Constellation will buy most of the output of the particular solar project, being developed by RWE Renewables in Bastrop County, to serve a number of large commercial customers.

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Under the terms of the new contract, PPG will receive energy and project-specific renewable energy certificates (RECs) from Big Star over a period of 10 years. More specifically, the company will procure about 4.6 million kWh of energy per year by using the Constellation Offsite Renewables (CORe) retail power product.

“At PPG, one of our 2025 sustainability goals is to increase renewable energy to 25% of total electricity usage, exclusive of greenhouse gas reductions,” said Diane Kappas, PPG vice president of global sustainability, adding that the company plans to expand renewable energy at other sites across the nation.