An Apex Clean Energy wind power project in Oklahoma has reached a 12-year power purchase agreement (PPA) with Steelcase (NYSE:SCS) a global provider of office furniture.
The contract, announced in February, calls upon Steelcase to buy 25 MW of power from the 150-MW Grant Plains Wind project Grant County, Oklahoma.
Since 2014, Steelcase has invested in renewable energy credits equivalent to 100% of its global electricity consumption, according to a news release. This latest investment will make up nearly half of Steelcase’s renewable energy purchases, directly support the construction of a new clean energy facility set to begin operations in 2016, and further diversify the company’s renewable energy portfolio.
Under Steelcase’s long-term PPA with Apex’s Grant Plains Wind project, Steelcase is committed to support production of approximately 100 million kilowatt-hours of clean, renewable wind energy each year. This amount is equal to approximately 70% of Steelcase’s U.S. electricity usage, or roughly the electricity needed to power 9,100 homes per year.
“Our decision to partner with Apex and execute a long-term renewable energy agreement reflects our longstanding commitment to drive a clean energy landscape,” said Steelcase President and CEO Jim Keane.
Virginia-based Apex Clean Energy builds, owns, and operates utility-scale wind and solar power facilities. Last year, Apex completed 1,042 MW of new wind capacity.