Invenergy has recently announced that it has signed a 120 MW wind power purchase agreement (PPA) with 3M to provide the company with renewable energy to help support its operations in North America.
The agreement with 3M involves the sale of Gunsight Wind Energy Center located in Texas. Invenergy’s Gunsight facility will have the capacity to generate approximately 120 MW of power from 67 GE1.79 MW wind turbines when commercial operation commences June of 2016.
The energy from the project will be delivered to 3M throught the Electric Reliability Council of Texas (ERCOT) regional electricity grid. With the addition of Gunsight, Invenergy will operate more than 1,700 MW of power plants in the state.
Invenergy's Vice President of Sales and Marketing Craig Gordon, said:
"3M is a global company with a commitment to sustainability and we're very proud to help them strengthen that commitment with this agreement. Corporate off-site renewable energy procurement is one of the most exciting changes we've seen recently in our industry as the sector nearly tripled from 2014 to 2015 with more than 3,400 MW announced. We expect 2016 to be another strong year for direct corporate procurement."
Jean Bennington Sweeney, vice president, 3M Environment, Health, Safety and Sustainability, commented:
"This agreement is an important and significant step toward accomplishing our company goal of increasing renewable energy to 25 percent of our total electricity use by 2025. Perhaps even more importantly, this is an exciting step in helping to transform the way the world uses energy. Innovation and partnerships like this one with Invenergy are critical to improving our business, our planet and people's lives across the globe."
This announcement comes only few days later that Invenergy Wind LLC would have announced that it has arranged debt and tax equity project financing for Gunsight Wind Energy Center, which currently is under construction in Howard County, Texas.