New Virtual Power Purchase Agreement to Cover 100% of Henkel’s U.S. Electricity Demand
The long-term commitment contributes to increasing the share of renewable energy in the grid and supports Henkel in reaching its climate protection targets.
Henkel recently announced that it has signed a large-scale virtual power purchase agreement (VPPA) relating to a new wind farm in Bee County, Texas. The agreed capacity equals 100% of the electricity demand of Henkel’s operations in the U.S., which comprise more than 30 production sites across the country. The long-term commitment contributes to increasing the share of renewable energy in the grid and supports Henkel in reaching its climate protection targets, which were approved by the Science Based Targets initiative earlier this year.
In order to reach its goal to source 100% renewable electricity for its production sites by 2030, Henkel reports that it follows a combination of on-site production of green energy, direct purchase, and virtual coverage. This involves, for example, entering into long-term VPPAs that feed power from specific renewable energy plants into the supply grid in an amount that is equal to the amount consumed. Thus, Henkel contributes to creating additional renewable energy generation capacity by way of its green power purchase.