WILMINGTON, Del., Sept. 23, 2021 /PRNewswire/ -- DuPont (NYSE: DD)
today announced that it has signed a virtual power purchase
agreement (VPPA) with a subsidiary of NextEra Energy Resources, LLC
with a generation capacity of the equivalent of 135 megawatts of
new wind energy in Texas. The
agreement, subject to customary performance conditions, supports
DuPont's Acting on Climate goal of reducing absolute greenhouse gas
(GHG) emissions by 30 percent, including sourcing 60 percent of
electricity from renewable energy, by 2030, and achieving carbon
neutrality by 2050.
"Through this VPPA, together with our 2020 actions, we will soon
be sourcing the equivalent of approximately 25 percent of our total
electricity needs today from renewable sources," said Miguel Gonzalez, Chief Procurement Officer at
DuPont. "Renewable energy is one part of an integrated climate and
energy approach that will help us deliver our purpose of empowering
the world with the essential innovations to thrive and move towards
a more sustainable operation. We're committed to managing our
business to preserve the earth's natural resources."
The VPPA will deliver the equivalent of 135 megawatts of new
wind power capacity or approximately 528,000 megawatt hours (MWh)
of renewable electricity annually. This amount of clean energy is
equivalent to avoiding the carbon emissions from more than 81,000
passenger cars driven each year, or the annual electricity
consumption of nearly 70,000 homes.
A subsidiary of NextEra Energy Resources is developing the
project and will build, own, and operate it. The new wind project –
Appaloosa Run Wind – will be built in Upton County, Texas and is expected to be
operational by the end of 2022. Schneider Electric, the leading
advisor on corporate renewable energy procurement globally,
supported DuPont in the selection of and negotiations for the
project.
DuPont's plan to procure more renewable energy is helping to
accelerate the transition to renewable sources in the U.S., and
aligns with the company's Acting on Climate sustainability goals.
The company is reducing energy use through enterprise-level
deployment of energy efficiency projects; sourcing low-carbon
power, heating, and cooling; creating low-carbon industrial
processes; and embedding climate risk into strategic and financial
decisions, while advocating for progressive climate policy.
DuPont has already made significant progress towards its goals,
converting utility supply at its largest manufacturing site to a
low carbon source in the fourth quarter of 2019. The company
completed nearly 100 energy savings projects in 2020 and reduced
its location-based 2020 Scope 2 emissions – indirect GHG emissions
associated with the purchase of electricity, steam, heat, or
cooling – by 11 percent compared to 2019. Additional projects
include the phased launch of reduced global warming potential (GWP)
Styrofoam insulation options, which will deliver significant
avoidance of GHG emissions via a lower embodied carbon product
offering.
"DuPont has long been recognized as a leader in sustainability,
and it is a tremendous honor for Schneider Electric to advise them
on their bold climate action goals," said Steve Wilhite, Senior Vice President of
Schneider Electric. "The need to proactively manage a company's
energy portfolio has never been more critical. I applaud DuPont's
ambitions and we look forward to supporting the company's long-term
renewable energy procurement and decarbonization strategy."
A VPPA is a long-term contract for power between a buyer and a
power project developer. VPPAs have become a common, effective
means for corporations to purchase wind and solar power at scale.
To learn more about VPPAs, read this short e-book from Schneider
Electric.
To learn more about DuPont's 2030 Sustainability Goals, please
click here.
About DuPont
DuPont (NYSE: DD) is a global innovation leader with
technology-based materials and solutions that help transform
industries and everyday life. Our employees apply diverse science
and expertise to help customers advance their best ideas and
deliver essential innovations in key markets including electronics,
transportation, construction, water, healthcare and worker safety.
More information about the company, its businesses and solutions
can be found at www.dupont.com. Investors can access information
included on the Investor Relations section of the website at
investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service
marks denoted with ™, SM or ® are owned by
affiliates of DuPont de Nemours, Inc. unless otherwise noted.
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SOURCE DuPont