September 14, 2017
Invenergy to Provide Wind Energy to Kimberly-Clark
Leading Renewable Energy Producer Partners with the Multinational Personal Care Corporation to Reduce Emissions Through Clean Energy
Agreement Brings Invenergy’s Corporate Customer Portfolio to 795 Megawatts
CHICAGO (Sept. 14, 2017) – Invenergy, North America’s largest privately-held renewable energy company, today announced that it has signed a 125-megawatt wind power purchase agreement (PPA) with Kimberly-Clark. The deal will support Kimberly-Clark’s goal of reducing greenhouse gas emissions from operations while improving energy efficiency and cost savings. Since 2015, Invenergy has contracted to sell more off-site renewable energy to corporate customers in the U.S. than any other independent supplier in the industry.
The agreement includes the sale of power from the Santa Rita Wind Energy Center located in Texas. Invenergy will provide Kimberly-Clark with 125 megawatts of capacity, resulting in more than 525,000 megawatt-hours of renewable energy annually delivered into the ERCOT power market, the regional electricity grid for Texas.
Since 2015, Invenergy has executed six PPAs with corporate customers, providing renewable energy to support their ambitious corporate sustainability goals. Those agreements, along with the PPA with Kimberly-Clark, bring Invenergy’s total corporate customer portfolio to 795 megawatts.
“Leading American corporations are embracing wind and solar energy,” said Jim Shield, Invenergy’s Executive Vice President and Chief Commercial Officer. “This partnership with Kimberly-Clark reflects a sea change in how corporations are thinking about sustainability, and Invenergy is proud to be the market leader in supporting those efforts.”
With well-known family care and personal care brands used to improve the lives of 1.3 billion people daily, Kimberly-Clark is committed to the responsible use of our earth’s resources. This PPA is part of Kimberly-Clark’s ambitious and continued dedication to sustainability that dates back to its founding more than 145 years ago.
“We are pleased to partner with Invenergy on this project and to support the continued development of renewable energy,” said Lisa Morden, Global Head of Sustainability at Kimberly-Clark. “This agreement will help enable Kimberly-Clark to achieve its 2022 greenhouse gas emission reduction goal up to four years ahead of schedule and is a further step in preparing the company for a low-carbon future.”
Santa Rita Wind Energy Center is located approximately 70 miles west of San Angelo, Texas. The 300 megawatt facility will consist of 120 General Electric 2.5 megawatt wind turbines. The project will create more than 300 construction jobs and up to 15 full-time, permanent jobs. Santa Rita will generate more than $100 million in local economic development in its first 20 years of operation through tax payments, lease payments to participating landowners, and wages and benefits for employees. Commercial operation is expected to commence in the first quarter of next year.
Invenergy drives 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, Europe and Asia. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan, Poland and Scotland.
Invenergy and its affiliated companies have developed more than 16,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, natural gas-fueled power generation and energy storage projects. For more information, please visit www.invenergyllc.com.
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