Ernst & Young LLP (EY US) today announced it has entered into renewable energy Virtual Power Purchase Agreements (VPPAs) to initiate the construction of two large-scale Texas-based wind farms. The wind farms are scheduled to be operational mid-2020 and are expected to generate enough zero-carbon electricity to offset the absolute greenhouse gas (GHG) emissions of the company’s US business.
Several US companies are entering PPAs for energy generated from Texas-based wind farms. In fact, just today, General Mills announced it signed a virtual 15-year power purchase agreement (PPA) with Roaring Fork Wind, LLC, a joint venture partnership between RES (Renewable Energy Systems) and Steelhead Americas, for 200 megawatts (MW) of its Maverick Creek wind project.
The wind project, located in central Texas, will produce renewable energy credits for General Mills that, together with the company’s previous wind power agreement, are calculated to equal 100% of the electricity used annually at the company’s owned domestic facilities.
In January 2018, Nike signed a virtual PPA with Avangrid Renewables for 86 megawatts of wind power from Texas, enabling the company to source 100% renewable energy in North America. The deal calls for power from the Karankawa Wind Farm being constructed near Corpus Christi, Texas, which is scheduled to go online in mid-2019.
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