WestRock’s First Virtual Power Purchase Agreement Project Reaches Commercialization
04 6월 2024 - 7:55PM
Business Wire
- Texas-based solar project propels WestRock’s pursuit of its
science-based targets to reduce greenhouse gas emissions
- Project demonstrates the company’s strategic approach to
support clean, renewable energy and economic development
WestRock (NYSE:WRK), a leading provider of sustainable
fiber-based paper and packaging solutions, is making progress
toward its science-based greenhouse gas targets by supporting the
first of two Texas-based solar projects. WestRock set the stage by
entering into virtual power purchase agreements (VPPAs) with ENGIE
North America (ENGIE), a subsidiary of ENGIE S.A. and global leader
in the net zero energy transition.
Bernard Creek Solar, LLC, the first of two solar projects that
are part of the VPPAs between WestRock and ENGIE, is now live and
operating in Wharton County southwest of Houston. Under the VPPA,
WestRock contracted 207 MW from the project. The 230 MW Bernard
Creek solar project is on track to produce approximately 500,000
MWh annually, generating over $45 million in revenue for the county
and creating more than 250 jobs during construction.
The WestRock VPPA for the Bernard Creek project, combined with a
similar project located in Bell County, will add a total of 282
megawatts (MW) of renewable energy to the Texas energy grid.
"We are pleased to play a role in the production of clean energy
from large-scale solar projects and to join forces with ENGIE and
Schneider Electric to reduce greenhouse gas emissions by adding
more renewable energy to the grid,” said David B. Sewell, president
and chief executive officer at WestRock.
Dave Carroll, chief renewables officer at ENGIE North America,
remarked, "We are delighted that Bernard Creek Solar is supporting
WestRock’s ambitions to meet its 2030 science-based targets.
ENGIE’s projects are focused on meeting the specific needs of our
clients as we work together to accelerate the energy transition in
North America, and this agreement reflects that."
The VPPAs with WestRock have contributed to ENGIE surpassing
more than 1 gigawatt (GW) of signed power purchase agreements
(PPAs) in the U.S. for 2022-2023. According to BloombergNEF's
latest Market Outlook report, ENGIE has been recognized as the top
developer to sell corporate energy PPAs and has ranked in the top
three since 2019, with a total corporate PPA portfolio in the USA
of 7.3 GW.
This initiative is one example of the actions WestRock is taking
to achieve a validated science-based target to reduce its
greenhouse gas emissions 27.5% by 2030. Schneider Electric’s
Sustainability Business provided advisory services and strategy
management to WestRock for these pivotal VPPAs.
John Powers, vice president of Global Renewable Energy and
Carbon Advisory at Schneider Electric, highlighted the positive
impact of such initiatives, stating, "Through projects such as
Bernard Creek Solar, innovative companies like ENGIE and WestRock
are promoting clean energy to the grid, while contributing to local
communities through economic development, new job opportunities,
and a commitment to more sustainable solutions."
For more information about WestRock, visit www.westrock.com.
About WestRock
WestRock (NYSE: WRK) is a global leader in sustainable paper and
packaging solutions, with more than 50,000 teammates in the
Americas, Europe and Asia-Pacific. The company’s integrated
packaging capabilities offer end-to-end solutions to help customers
address their greatest challenges.
About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional
hub of ENGIE (ENGI), a global leader in low-carbon energy and
services. Together with 101,500 employees around the globe and
ENGIE customers, partners and stakeholders, ENGIE is committed to
accelerate the transition toward a carbon-neutral world, through
reduced energy consumption and more environmentally friendly
solutions.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our
energy and resources, bridging progress and sustainability.
Schneider drives digital transformation by integrating
world-leading process and energy technologies, end-point to cloud
connecting products, controls, software and services, across the
entire lifecycle.
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version on businesswire.com: https://www.businesswire.com/news/home/20240604447350/en/
WestRock Robby Johnson, Senior Manager, Corporate Communications
robby.b.johnson@westrock.com
Schneider Electric Shannonlappin.davies@se.com
ENGIE North America Michael Clingan, Press Relations
Michael.clingan@external.engie.com
WestRock (NYSE:WRK)
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WestRock (NYSE:WRK)
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