• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

Henkel Signs VPPA for New Texas Wind Farm

September 15, 2020 by NA Windpower

Henkel, a German chemical and consumer goods company, has signed a large-scale virtual power purchase agreement (VPPA) relating to a new wind farm in Bee County, Texas. 

The agreed capacity equals 100% of the electricity demand of Henkel’s operations in the U.S., which comprise more than 30 production sites across the country. The long-term commitment contributes to increasing the share of renewable energy in the grid and supports Henkel in reaching its climate protection targets.

In order to reach its goal to source 100%  renewable electricity for its production sites by 2030, Henkel follows a combination of on-site production of green energy, direct purchase and virtual coverage. This involves, for example, entering into long-term VPPAs that feed power from specific renewable energy plants into the supply grid – in an amount that is equal to the amount consumed. Thus, Henkel contributes to creating additional renewable energy generation capacity by way of its green power purchase.

“At Henkel, we want to make a positive contribution to climate protection and further accelerate our efforts,” says Sylvie Nicol, a member of the management board at Henkel. “Based on our strong achievements, we have reaffirmed our commitment to become climate-positive by 2040. The power purchase agreement demonstrates how we can drive tangible progress towards achieving our ambitious targets.” 

Henkel’s VPPA in the U.S. is connected to a new wind power project, which is being developed by Ørsted. 

With an overall production of around 600,000 MWh per year, the wind farm is scheduled to be connected to the grid in early 2022. Henkel’s agreement comprises half of the wind farm’s electricity capacity at fixed terms over a period of more than 10 years. Henkel was advised on the VPPA by Schneider Electric Energy & Sustainability Services.  

As part of Henkel’s commitment to accelerate its contribution to climate protection, the company has defined science-based emission reduction targets. These were approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Climate Agreement. The SBTi by CDP, the UN Global Compact, World Resources Institute and the World Wide Fund for Nature (WWF) defines and promotes best practice in science-based target settings and independently assesses companies’ targets.

For more information on Henkel’s sustainability strategy, performance and progress, click here.

Original source: North American Wind Power

Filed Under: Renewable, Wind

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • Capital Dynamics Sells Majority Stake of Beacon Solar Portfolio
  • Solar Industry News AZZO Expands into U.S. Market
  • Kongsberg Supplying Monitoring Equipment to World’s Largest Floating Wind Project
  • Avangrid Renewables Submits COP for First Phase of Kitty Hawk Project
  • Borrego Solar Expands Maine Distributed Solar Portfolio
  • LineVision, OSIsoft Partner to Improve Grid Resiliency
  • The University of Maine Collaborates on Floating Offshore Wind Project
  • Texas Oil Boomtowns Devastated by Coronavirus: Photos
  • Politico Study: U.S. flood risks dwarf federal estimates
  • CIT Serves as Lead Arranger for East Blackland Solar Project

Footer

Trending

  • Capital Dynamics Sells Majority Stake of Beacon Solar Portfolio
  • AZZO Expands into U.S. Market
  • Kongsberg Supplying Monitoring Equipment to World’s Largest Floating Wind Project
  • Avangrid Renewables Submits COP for First Phase of Kitty Hawk Project
  • Borrego Solar Expands Maine Distributed Solar Portfolio

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com