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Invenergy enters into wind power purchase agreement with 3M

CTBR Staff Writer Published 10 February 2016

Clean power generation company Invenergy has entered into a 120MW wind power purchase agreement (PPA) with 3M, to provide the science-based company with renewable energy for its operations across North America.

Under the agreed terms, Invenergy will supply power generated at the Gunsight Wind Energy Center
located in Texas. The clean electricity will be fed into the Electric Reliability Council of Texas (ERCOT) regional electricity grid.

With the addition of Gunsight, Invenergy will operate more than 1,700MW of power plants in the state.

Invenergy sales and marketing vice president Craig Gordon said: "3M is a global company with a commitment to sustainability and we're very proud to help them strengthen that commitment with this agreement.

"Corporate off-site renewable energy procurement is one of the most exciting changes we've seen recently in our industry as the sector nearly tripled from 2014 to 2015 with more than 3,400 MW announced. We expect 2016 to be another strong year for direct corporate procurement."

3M is aiming to source 25% of its total electricity needs from renewable sources by 2025.

Invenergy recently agreed to supply 225MW of wind power to Google, which partnered with six renewable energy companies for a total 842 MW of renewable energy across three countries.

Of the total six agreements, Google's PPA with Invenergy is the largest.

Last year, Invenergy concluded several other wind power purchase agreements with other corporate businesses to provide them with renewable energy in order to offer support to their sustainability objectives. These agreements, alongside Google's PPA, would bring Invenergy's total corporate customer wind portfolio to 570 MW.