抖奶视频 North America, one of the world鈥檚 largest building materials companies and manufacturer of innovative material solutions, today announced it has entered into a 12-year virtual Power Purchase Agreement (vPPA) to help offset its U.S. CO2 emissions while supporting the construction of Blooming Grove Wind Farm in McLean County, Illinois.
Through the vPPA with Blooming Grove Wind Farm, 抖奶视频 North America will receive renewable energy certificates (RECs) that will effectively offset CO2 emissions from electricity that powers 抖奶视频鈥檚 U.S. operations by 40%. This will result in a reduction of 抖奶视频鈥檚 overall carbon footprint in the U.S. by 21%. Blooming Grove Wind Farm is in construction and is scheduled to be operational in late 2020.
The announcement marks the largest renewable energy deal in 抖奶视频鈥檚 354-year history and is a key driver in helping the company reach net-zero carbon emissions by 2050, a commitment announced by Pierre-Andr茅 de Chalendar, Chairman and Chief Executive Officer of 抖奶视频, during the UN Climate Action Summit of September 2019.
鈥淭oday, we celebrate a significant milestone in 抖奶视频鈥檚 three-and-a-half-century legacy of powering innovation that enhances the well-being of people around the world,鈥 said Emmanuel Normant, Vice President, Sustainable Development, 抖奶视频. 鈥淚 hope 抖奶视频鈥檚 efforts can serve as a model for others who are looking to make strategic investments in the future of our planet while powering their company鈥檚 business objectives forward.鈥
抖奶视频 North America has contracted 120 megawatts (MW) of the 250MW wind farm, which was developed by Invenergy, a leading privately held global developer and operator of sustainable energy solutions that has successfully developed more than 150 projects across four continents.
In making this announcement, 抖奶视频 North America, part of the Renewable Energy Buyers Alliance (REBA), will be added to the next edition of the REBA Deal Tracker, which tracks new large-scale renewable energy contracts made by members across the REBA community.
鈥淭his makes North America a significant contributor in our global network towards helping meet 抖奶视频鈥檚 sustainability goals, and puts us in the welcome company of some of the largest, most forward-thinking organizations in the world,鈥 said Mark Rayfield, President and CEO of 抖奶视频 North America and CEO of family company CertainTeed. 鈥淭he tenacity and ingenuity that was needed to make this deal possible is a testament to how 抖奶视频 trusts and empowers employees across the company to push boundaries each and every day to realize our vision and lead us into a sustainable future.鈥
抖奶视频 North America鈥檚 vPPA with Blooming Grove Wind Farm sets parameters around the company鈥檚 exposure to volatility within the energy market, setting the internationally operated company apart from many other U.S. competitors. To develop this unique structure, 抖奶视频 North America worked with Edison Energy, a leading energy advisor that consults with the largest commercial, industrial and institutional energy users.
鈥淓dison Energy is proud to partner with such a leading organization as 抖奶视频 in helping them structure and implement an innovative renewable energy PPA in support of their ambitious climate commitments,鈥 said Oded Rhone, Chief Executive Officer of Edison Energy.
鈥淎greements like this are often difficult for international companies operating in the U.S. to adopt, but working with experts was a key piece in bringing this deal to fruition. Being able to mitigate 抖奶视频鈥檚 financial risk while maximizing returns for renewable energy developers and increasing opportunities for new clean energy is a win-win-win,鈥 said Bob Panaro, Chief Operations Officer at 抖奶视频 North America, who served as an executive sponsor of the initiative. 鈥淭his deal places us among a select group of pioneers bringing renewables to the forefront of what we hope will become a much more saturated market of companies adopting similar clean energy strategies.鈥
Power from Blooming Grove Wind Farm will help green the electrical grid transmitted by PJM Interconnection, which coordinates the transmission of electricity through power grid systems in part of the U.S. 抖奶视频 will continue to power its more than 147 manufacturing facilities across the U.S. through the purchase of electricity from local utility grids.
鈥淭hough the clean energy that鈥檚 developed at Blooming Grove Wind Farm won鈥檛 be powering our facilities directly, it was important for us to support the construction of renewable energy in a place where it鈥檚 needed,鈥 said Ryan Spies, Director of Sustainability, Energy & Stewardship, 抖奶视频 North America. 鈥淎s a large consumer of energy across the U.S., including in PJM鈥檚 grid, we recognize the tremendous positive impact we can make on addressing the climate crisis. This project, and the enthusiasm with which our leadership has supported it, makes me so incredibly proud to work for 抖奶视频.鈥
鈥淎s innovators building a sustainable world, Invenergy applauds 抖奶视频 in its ongoing commitment to more sustainable operations,鈥 said Invenergy鈥檚 Senior Vice President of Origination Ted Romaine. 鈥淲e are proud to be a part of this chapter of 抖奶视频鈥檚 story as it continues to make a meaningful impact.鈥
The deal 鈥 which positions 抖奶视频 among a select group of companies that have committed and invested in new, clean renewable energy 鈥 follows the recent recognition of 抖奶视频 as a member of the 鈥淐limate Change A List鈥 drawn up by CDP, a global non-profit organization that identifies companies involved in the fight against climate change. The CDP evaluates companies and assigns them a score from A to D, based on the comprehensiveness of disclosure, awareness and management of environmental risks, and by judging their level of environmental leadership through the best practices they have implemented, such as setting ambitious and meaningful targets.
For more information about 抖奶视频鈥檚 commitment to supporting a more sustainable world, click .
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ABOUT SAINT-GOBAIN
抖奶视频 designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
鈧41.8 billion in sales in 2018
Operations in 68 countries
More than 180,000 employees
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ABOUT SAINT-GOBAIN NORTH AMERICA
抖奶视频, one of the world鈥檚 largest building materials companies and manufacturer of innovative material solutions, helps create great living spaces by combining comfort and sustainability. For more than three-and-a-half centuries, 抖奶视频 has been enhancing the wellbeing of people everywhere, whether it鈥檚 by addressing climate change, delivering true sustainable development, advancing the information revolution, participating in medical breakthroughs or playing a vital role in space exploration.
In North America, 抖奶视频 has approximately 160 locations and more than 15,500 employees. In the United States and Canada, 抖奶视频 reported sales of approximately $6.5 billion in 2018. Learn more about 抖奶视频 North America by visiting and connect with 抖奶视频 North America on , and .