Apex wind project in Oklahoma lines up power contract

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.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.