Invenergy to Provide Clean Power to 3M Company
Leading Renewable Energy Producer Partners with 3M to Reduce Emissions Through Wind Power
Agreement Brings Invenergy's Corporate Customer Renewable Energy Portfolio to 570 MW
CHICAGO, Feb. 9, 2016 /PRNewswire/ -- Invenergy today announced that it has signed a 120 MW wind power purchase agreement (PPA) with 3M to provide the global science-based company with renewable energy to help support its operations across North America.
"3M is a global company with a commitment to sustainability and we're very proud to help them strengthen that commitment with this agreement," said Invenergy's Vice President of Sales and Marketing Craig Gordon. "Corporate off-site renewable energy procurement is one of the most exciting changes we've seen recently in our industry as the sector nearly tripled from 2014 to 2015 with more than 3,400 MW announced. We expect 2016 to be another strong year for direct corporate procurement."
The agreement with 3M includes the sale of wind energy from the Gunsight Wind Energy Center located in Texas. Energy from the 120 MW project will be delivered into the Electric Reliability Council of Texas (ERCOT) regional electricity grid. With the addition of Gunsight, Invenergy will operate more than 1,700 MW of power plants in the state.
"This agreement is an important and significant step toward accomplishing our company goal of increasing renewable energy to 25 percent of our total electricity use by 2025," said Jean Bennington Sweeney, vice president, 3M Environment, Health, Safety and Sustainability. "Perhaps even more importantly, this is an exciting step in helping to transform the way the world uses energy. Innovation and partnerships like this one with Invenergy are critical to improving our business, our planet and people's lives across the globe."
In January, Invenergy announced a 225 MW wind power purchase agreement with Google to provide the multinational technology giant with renewable energy to help support all of its data centers worldwide. Google first announced this deal in November at the COP21 conference in Paris. And in late 2015, Invenergy also announced two separate wind power purchase agreements with Equinix, Inc. and another Fortune 500 corporation to provide the companies with renewable energy to support their ambitious corporate sustainability goals. Each of those agreements, along with the PPA with 3M, brings Invenergy's total corporate customer renewable energy portfolio to 570 MW.
As a signatory to the American Business Act on Climate Pledge, Invenergy is dedicated not only to meeting its own sustainability goals, but to helping its corporate customers achieve their goals. Invenergy is also a founding member of Rocky Mountain Institute's Business Renewables Center, which is a collaborative platform aimed at accelerating corporate renewable energy procurement.
About Invenergy
Invenergy is delivering innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, and Europe. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan, and Europe.
Invenergy and its affiliated companies have developed more than 10,300 MW of projects that are in operation, in construction, or under contract, including wind, solar, and natural gas-fueled power generation projects and energy storage facilities. For more information, please visit www.invenergyllc.com.
SOURCE Invenergy
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