New wind power agreement takes Nike to more than halfway to 100% renewable electricity goal
NEW YORK: Nike will soon achieve more than half of its RE100 commitment by sourcing 100% renewable energy across North America thanks to a new Power Purchase Agreement (PPA), the company has just announced.
The company joined RE100 in 2015 during Climate Week NYC, pledging to source all of its electricity from renewable sources of energy by 2025. Led by The Climate Group in partnership with CDP, RE100 is a collaborative initiative uniting the world’s most influential businesses committed to 100% renewable electricity.
“This is fantastic leadership from Nike,” commented Helen Clarkson, Chief Executive Officer, The Climate Group. With these PPAs, “they will be more than half way towards their RE100 goal of sourcing 100% renewable electricity.”
“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’.”
POWER TO THE WIND
Nike has now in place two PPAs with Avangrid Renewables, one of the leading providers of clean, renewable wind power in the US, as part of the Iberdrola Group.
“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,” said Hannah Jones, Nike’s Chief Sustainability Officer and VP, Innovation Accelerator.
Nike’s latest PPA with Avangrid Renewables is a wind contract for 86 megawatts of wind power at the Karankawa Wind Farm in Texas – which is scheduled for completion by mid-2019 – producing roughly 3,500 Gigawatt hours (GWh) of renewable electricity over the term of the contract.
The company’s purchase commitment of the energy produced through both PPAs will generate over 5,000 GWh of renewable electricity, the equivalent of powering more than 400,000 average American households with carbon free energy – or the equivalent of taking nearly 800,000 vehicles off the road for one year.
A SUSTAINABLE STRATEGY
Nike already sources renewable energy through on-site generation at some of its largest facilities, including the company’s European Logistics Campus in Belgium and the China Logistics Center in Taicang.
The company is also working on the climate impact of its contracted factories, supporting and encouraging them to use clean-energy solutions. At the same time, it also focuses on driving innovation in materials and new manufacturing processes to reduce its environmental impact.