Avery Dennison Partners with Apex on Wind Energy PPA
Avery Dennison has signed a wind power purchase agreement with Apex Clean Energy to offset 50 percent of the company’s United States-based greenhouse gas emissions derived from electricity consumption. The agreement highlights Avery Dennison’s commitment to renewable energy and energy-efficient practices and technology.
Under the agreement with Apex’s Perryton Wind – a 299.91-megawatt wind-energy project to be located in Ochiltree, Texas – Avery Dennison will purchase 20 megawatts of renewable energy capacity. The agreement is also a key component of the company’s 2025 sustainability goal to reduce absolute greenhouse gas emissions from its operations by at least 3 percent annually and by at least 26 percent overall between 2015 and 2025.
Perryton will be Apex’s fifth Texas wind farm, powering the equivalent of 108,000 U.S. homes. The facility will consist of 130 Siemens 2.307-megawatt turbines.
Roland Simon, vice president of global procurement and global sustainability leader at Avery Dennison, says the partnership with Apex is one of the ways Avery Dennison continues to create shared value for the company, the industry and communities worldwide. He says the PPA will provide clean, renewable electricity equal to 50 percent of the power consumed by Avery Dennison’s U.S. operations.
“It’s important for us to optimize renewable energy sources in a way that ripples outward to create change that encompasses far more than our own business,” says Simon.
Company officials say Avery Dennison’s investment in renewable wind power demonstrates its continued focus on energy efficiency and energy reduction. The agreement with Apex comes on the heels of Avery Dennison joining the World Wildlife Fund’s Climate Savers program, a global group of partner companies engaged in the transition to a climate-friendly economy.
“We leverage the depth and breadth of our national pipeline of projects, and we are committed to tailoring solutions that meet the specific goals of our corporate, utility and public sector partners – from a facility purchase to a structured PPA,” says Steve Vavrik, Apex’s chief commercial officer. “The commitment to long-term renewable energy purchasing by companies such as Avery Dennison is providing a strong drive in the market to bring more clean energy to the grid.”
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