Global labeling and packaging materials manufacturer Avery Dennison Corp. (NYSE: AVY) said Dec. 5 that it has signed a wind power purchase agreement (PPA) with Apex Clean Energy to offset 50 percent of the company’s U.S.-based greenhouse gas emissions derived from electricity consumption.
Under the agreement with Apex’s Perryton Wind, a 299.91-MW wind project to be located in Ochiltree County, Texas, Avery Dennison will purchase 20 MW of renewable energy capacity. The PPA is a key component of Avery Dennison’s 2025 sustainability goal to reduce absolute greenhouse gas emissions from its operations by at least 3% annually, and by at least 26% overall, between 2015 and 2025. Perryton will be Apex’s fifth Texas wind farm and will consist of 130 Siemens 2.307 MW turbines.
Said Roland Simon, vice president of global procurement and global sustainability leader at Avery Dennison: “It’s important for us to optimize renewable energy sources in a way that ripples outward to create change that encompasses far more than our own business.”
“We leverage the depth and breadth of our national pipeline of projects and we are committed to tailoring solutions that meet the specific goals of our corporate, utility and public sector partners, from a facility purchase to a structured PPA,” explained Steve Vavrik, Apex’s chief commercial officer. “The commitment to long-term renewable energy purchasing by companies such as Avery Dennison is providing a strong drive in the market to bring more clean energy to the grid,” Vavrik added.
Headquartered in Glendale, California, Avery Dennision reported sales of $6 billion in 2015.
Apex Clean Energy builds, owns, and operates utility-scale wind and solar power facilities. Last year, Apex was the market leader in the United States, with 1,042 megawatts of new wind capacity installations.