Covestro Signs Renewable Energy Agreement for US Operations
Covestro has signed a 90 megawatt (MW) virtual power purchase agreement (vPPA) with Ørsted, a clean energy leader in the U.S. market, headquartered in Denmark. The long-term agreement was signed with Ørsted as part of its planned Mockingbird Solar Center in Texas.
With various agreements in place, Covestro fosters the growth of renewable energy projects around the world. This newest 15-year agreement securing power from the Mockingbird Solar Center in Lamar County, Texas, marks Covestro’s first renewable energy agreement in the United States. The vPPA is estimated to offset 70,000 tons of CO2 emissions annually and will reduce the scope 2 emissions from Covestro’s third largest production site, located in Baytown, Texas.