Tag Archives: Virtual Power Purchase Agreement (VPPA)

Hormel Foods to Be Powered by Nearly 50% Renewable Energy

By Emily Holbrook, Energy Manager Today

Hormel Foods recently announced a virtual power purchase agreement (VPPA) for wind energy. Through this and other initiatives, the company will be supplied by almost 50% renewable wind power. In addition, the project will result in a reduction of approximately 197,000 metric tons of greenhouse gas emissions.

The new wind farm will be located near Milligan, Nebraska. Construction is expected to be completed in 2020. The farm will be capable of generating 74 MW of power and an estimated 349,000 MWh of electricity each year. Read more here.

Recommended Reading
Virtual Power Purchase Agreement: Introduction to the Virtual Power Purchase Agreement, Rocky Mountain Institute

Nebraska Also In The News Here:

  • NPPD/city relationship remains a strong one, by Melanie Wilkinson, York News-Times
    Looking to the future, NPPD is considering a solar power generation facility for York, as the organization continues to look at renewable energy options.
  • Supersized solar in the Midwest, by Christian Roselund, PV Magazine
    Long seen as a slow region for solar deployment, the U.S. Midwest has seen an explosion of project development in recent years. And while there is still a lot of speculation and uncertainty, one way or another this region is going to see major development.

Bloomberg, Cox Enterprises, Gap Inc, Salesforce and Workday Close All-New Renewable Energy Aggregation Deal

Bloomberg News Release

Excerpt: This group of companies, coming together as the Corporate Renewable Energy Aggregation Group, is the first example of companies aggregating similar, relatively small amounts of renewable energy demand to collaboratively enter into a virtual power purchase agreement (VPPA), collectively acting as the anchor tenant for a large offsite renewable energy project. The unprecedented coordination between five international businesses lays the groundwork for other corporates to procure renewable energy cooperatively, maximizing value and reducing risk. Read more here.

Flickr Photo

MORE ABOUT RENEWABLE ENERGY AGGREGATION 

LevelTen Energy YouTube Video: Corporate Renewable Energy Aggregation Group Case Study

 This is the first example of companies aggregating similar, relatively small amounts of renewable energy demand to collaboratively enter into a virtual power purchase agreement (VPPA), collectively acting as the anchor tenant for a large offsite renewable energy project.

RENEWABLE ENERGY BUYERS ALLIANCE

The Renewable Energy Buyers Alliance (REBA) is led by four major nonprofit organizations that have brought together their expertise in transforming energy markets.

Collectively, REBA works with more than 100 large buyers that represent enormous demand for renewable power. REBA’s goal is to help corporations purchase 60GW of renewable energy in the US by 2025.

REBA Initiatives

U.S. Renewable Energy Map – Click image to link to it.