Footwear megalith Nike has announced its second major wind Power Purchase Agreement with Avangrid Renewables, an 86 megawatt contract for wind energy in Texas that brings Nike’s total renewable energy sourced in North America up to 100%.
Nike and Avangrid Renewables signed the Power Purchase Agreement (PPA) on Thursday, an agreement which will see Nike take 86 megawatts (MW) of wind power from the Karankawa Wind Farm in the Bee and San Patricio counties, just east of Mathis, Texas. This is the second PPA Nike has signed with Avangrid, following a 2016 deal which saw Nike secure 100% of the energy needed for its worldwide headquarters in Beaverton, Oregon, thanks to three wind farms in the Columbia Gorge.
The new PPA successfully pushes the amount of renewable energy sourced for the company’s owned and operated facilities across North America to 100%, and over 50% for the company’s global commitment to source 100% renewable energy by the end of 2025.
“With this agreement, Nike will source 100% renewable energy across our owned or operated facilities in North America,” said Hannah Jones, Nike’s Chief Sustainability Officer and VP, Innovation Accelerator. “Moreover, we will deliver on more than 50% of our commitment to source 100% renewable energy in our owned or operated facilities worldwide by the end of FY25. Investing in renewable energy is good for athletes, the planet and for business, and we will continue to drive collaboration to accelerate a low-carbon growth economy.”
“Working with partners like Nike who have relentless focus on driving the development and availability of renewable energy is exciting and inspiring,” explained Barrett Stambler, Avangrid Renewables Vice President of Origination. “This partnership allows us to have a very positive impact in the local communities where we own and operate these wind farms, creating jobs & economic development for rural America and advancing our country’s energy independence.”
“This is fantastic leadership from Nike,” added Helen Clarkson, Chief Executive Officer, The Climate Group, the organization behind the RE100 initiative, of which Nike is a member. “It shows how businesses can shift global electricity markets in favor of renewables as the cost of technology plummets. Never was there a better time to ‘Just Do It’.”
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