Lowe's Companies, Inc. - 100.0 MW Corporate PPA deal

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Lowe’s signs first renewable energy agreement

Lowe's signs renewable wind energy agreement with Clearway Energy for 100 megawatts of energy

By Maureen Rich Wallace
Staff Writer
November 28, 2018

Lowe’s commitment to reducing its carbon emissions footprint met a significant milestone today with the announcement of the company’s first renewable wind energy agreement with Clearway Energy. The deal accounts for 100 megawatts of wind energy, which is enough energy to power all 143 Lowe’s stores in Texas. In fact, offsetting emissions from these stores is the equivalent of planting seven million new trees in the state of Texas.

“Lowe’s is continuously working to offset our carbon footprint, and we’re proud to announce today’s commitment to renewable wind energy, a first for our company,” said Chris Cassell, Lowe’s director of corporate sustainability. “Lowe’s proudly delivers products and services that improve customers’ lives every day, and we want to apply that same level of dedication to how we lessen our impact on the planet.”

The agreement with Clearway Energy represents about 25 percent of the wind turbines that comprise the Mesquite wind farm development in Fisher County, Texas. Construction is slated to begin in 2019.

Wind Turbine Renewable Energy Agreement

Lowe’s set targets to reduce its store carbon emissions by 20 percent for 2020 – a goal it met four years early, in 2016. In addition to renewable energy work, Lowe’s has made significant investments in improving energy efficiency to meet its goal of reducing energy intensity by 2020. These investments include the following:

Variable Fan Drives installed in more than 365 stores
Building Management Systems in nearly 200 stores
LED Lighting Retrofits in more than 130 stores
High-efficiency HVAC rooftop units in 100 stores
Learn more about Lowe’s Corporate Responsibility efforts online via Open House or Lowe’s 2017 Corporate Responsibility report.

Source: Newsroom

Capacity: 100.0 MW
Year: 2018
Structure: Virtual PPA

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