WestRock and ENGIE Sign Agreement to Add Renewable Energy to U.S. Grid
14 Noviembre 2023 - 5:50AM
Business Wire
Texas-based solar projects to support
WestRock’s pursuit of science-based targets for reduction of
greenhouse gas emissions
WestRock (NYSE:WRK), a leader in sustainable fiber-based paper
and packaging solutions, today announced it has entered into two
virtual power purchase agreements (VPPAs) with ENGIE North America
(ENGIE), a subsidiary of ENGIE S.A. and global leader in the net
zero energy transition. The VPPAs are designed to add renewable
energy to the U.S. energy grid and mark a step forward in
WestRock’s commitment to reduce greenhouse gas emissions.
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Two virtual power purchase agreements
(VPPAs) between WestRock and Engie North America will contribute to
the reduction of greenhouse gas emissions on the U.S. energy grid
beginning in 2024. (Photo: Business Wire)
The agreements support two of ENGIE’s solar projects – Bernard
Creek located in Wharton County, Texas and Chillingham Solar
located in Bell County, Texas – for an aggregate of 282 megawatts
(MW).
The new projects comprise one element of WestRock’s strategy to
pursue a science-based target (SBT) to reduce Scope 1, 2 and 3
greenhouse gas emissions by 27.5% by 2030. Schneider Electric
provided advisory services and strategy management for the WestRock
and ENGIE agreements.
“We are pleased to play a role in the development of clean
energy from large scale solar projects and to join forces with
ENGIE and Schneider Electric to add more renewable energy to the
grid,” said David B. Sewell, chief executive officer at
WestRock.
WestRock will contract 207 MW from Bernard Creek, a 230 MW solar
project which is located southwest of Houston and is expected to
have an annual output of approximately 500,000 MWh. The project,
slated for completion in the first half of 2024, is expected to
generate more than $45 million in revenue for Wharton County over
its lifespan and to create more than 250 jobs during
construction.
Additionally, WestRock will contract 75 MW from ENGIE’s 350 MW
Chillingham Solar project. Chillingham will help support two local
school districts with an estimated $70 million in revenue generated
over the life of the project, of which $53 million will be paid
directly to the school districts. WestRock’s share of Chillingham
is expected to be approximately 200,000 MWh per year.
“We are delighted that Bernard Creek and Chillingham Solar will
support WestRock’s ambitions to meet their 2030 science-based
targets. ENGIE’s projects are focused on meeting the specific needs
of our clients as we work together to accelerate the energy
transition in North America and this agreement reflects that,” said
Dave Carroll, chief renewables officer and country manager, ENGIE
North America.
These agreements with WestRock contribute to ENGIE’s continued
innovation in renewables, which has resulted in the company being
named top developer to sell corporate energy PPAs by BloombergNEF
in its latest Market Outlook report and ranked in the top three
since 2019. ENGIE’s total corporate PPA portfolio in the U.S.
exceeds 7 GW.
According to John Powers, vice president, Global Renewable
Energy and Carbon Advisory, Schneider Electric, “Through projects
such as Bernard Creek and Chillingham Solar, innovative companies
like ENGIE and WestRock are promoting clean energy to the grid
while contributing to local communities through economic
development, new job opportunities and a commitment to sustainable
solutions.”
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About WestRock WestRock (NYSE: WRK) partners with our
customers to provide sustainable paper and packaging solutions that
help them win in the marketplace. WestRock’s team members support
customers around the world from locations spanning North America,
South America, Europe, Asia and Australia. Learn more at
www.westrock.com.
About ENGIE North America Based in Houston, Texas, ENGIE
North America Inc. is a regional hub of ENGIE (ENGI), a global
leader in low-carbon energy and services. Together with 101,500
employees around the globe and ENGIE customers, partners and
stakeholders, ENGIE is committed to accelerate the transition
toward a carbon-neutral world, through reduced energy consumption
and more environmentally friendly solutions.
About Schneider Electric Schneider’s purpose is to
empower all to make the most of our energy and resources, bridging
progress and sustainability. Schneider drives digital
transformation by integrating world-leading process and energy
technologies, end-point to cloud connecting products, controls,
software and services, across the entire lifecycle.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114609659/en/
WestRock Robby Johnson, Senior Manager, Corporate
Communications robby.b.johnson@westrock.com
ENGIE North America Michael Clingan, Press Relations
Michael.clingan@external.engie.com
WestRock (NYSE:WRK)
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