Invenergy said Nov. 13 that it has signed a long-term contract with Owens Corning to provide 125 MW of wind energy to the manufacturer of insulation, roofing, and fiberglass
When complete, Invenergy’s Wake Wind facility, located in Texas, will provide Owens Corning with an equivalent amount of carbon-free electricity as would be used to power more than 32,000 U.S. homes per year, Chicago-based Invenergy said in a news release.
The Wake project is located in Floyd and Crosby Counties, Texas. The project has three units listed as under construction that together could generate about 300 MW.
The power purchase agreement (PPA) should help Owens Corning meet its new corporate sustainability goals.
As a signatory to the American Business Act on Climate Pledge, Invenergy is dedicated not only to meeting its own sustainability goals, but to helping its corporate customers achieve their goals. Invenergy is also a founding member of the Rocky Mountain Institute’s Business Renewables Center, which is a collaborative platform aimed at accelerating corporate renewable energy procurement.
“Over the last few years there has been a seismic shift in the way corporate customers like Owens Corning have thought about the value proposition of renewable energy. Not only is it good for the environment, it’s good for the bottom line,” said Invenergy’s Vice President of Sales and Marketing Craig Gordon. “By acting now, these customers are taking advantage of extremely competitive long-term wind energy pricing, as well as facilitating the transition to a sustainable and clean energy economy.”
Last month Owens Corning announced more ambitious goals to reduce greenhouse gas and toxic air emissions as well as new renewable energy initiatives that will continue to expand the company’s impact through sustainability.
Invenergy and its affiliated companies have developed more than 9,100 MW of projects that are in operation, in construction, or under contract, including wind, solar, and natural gas-fueled power generation projects and energy storage facilities.