Invenergy has signed a 125 MW wind power purchase agreement with Owens Corning to provide renewable energy to the insulation, roofing and fiberglass manufacturer.
Last month, Owens Corning announced its goals to reduce greenhouse-gas and toxic air emissions, as well as new renewable energy initiatives. When complete, Invenergy's Wake Wind Energy Facility, located in Texas, will provide Owens Corning with an equivalent amount of carbon-free electricity as would be used to power more than 32,000 U.S. homes per year.
Invenergy says the agreement will also help Owens Corning support the wind power industry, a market to which the company supplies high-performance glass fiber reinforcements for turbine blades.
As a signatory to the American Business Act on Climate Pledge, Invenergy says it is dedicated to meeting its own sustainability goals and helping its corporate customers achieve their goals. Invenergy is also a founding member of the Rocky Mountain Institute's Business Renewables Center, which is a collaborative platform aimed at accelerating corporate renewable energy procurement.
‘Over the last few years, there has been a seismic shift in the way corporate customers like Owens Corning have thought about the value proposition of renewable energy. Not only is it good for the environment, it's good for the bottom line,’ says Craig Gordon, Invenergy's vice president of sales and marketing. ‘By acting now, these customers are taking advantage of extremely competitive long-term wind energy pricing, as well as facilitating the transition to a sustainable and clean energy economy.’