CHICAGO, Nov. 13, 2015 /PRNewswire/ -- Invenergy today announced that it has signed a 125 MW wind power purchase agreement (PPA) with Owens Corning to provide the insulation, roofing, and fiberglass manufacturer with renewable energy supporting their new corporate sustainability goals.
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 the Rocky Mountain Institute's Business Renewables Center, which is a collaborative platform aimed at accelerating corporate renewable energy procurement.
"Over the last few years there has been a seismic shift in the way corporate customers like Owens Corning have thought about the value proposition of renewable energy. Not only is it good for the environment, it's good for the bottom line," said Invenergy's Vice President of Sales and Marketing Craig Gordon. "By acting now, these customers are taking advantage of extremely competitive long-term wind energy pricing, as well as facilitating the transition to a sustainable and clean energy economy."
Last month Owens Corning announced more ambitious goals to reduce greenhouse gas and toxic air emissions as well as new renewable energy initiatives that will continue to expand the company's impact through sustainability.
When complete, Invenergy's Wake Wind Energy Facility, located in Texas, will provide Owens Corning with an equivalent amount of carbon-free electricity as would be used to power more than 32,000 U.S. homes per year. The agreement will also help Owens Corning support the wind power industry, a market to which the company supplies high performance glass fiber reinforcements for wind turbine blades.
"Owens Corning has a long history of delivering energy efficiency improvements through our products and in our operations," said Owens Corning Vice President and Chief Sustainability Officer Frank O'Brien-Bernini. "Our ambitious and impactful greenhouse gas reduction goal is being made more achievable by collaborating with great partners, like Invenergy, to execute large scale wind energy agreements like this."
Owens Corning's 2014 Sustainability Report and a downloadable summary progress report are available online at: http://sustainability.owenscorning.com.
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 9,100 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.