Takeda has signed a long-term virtual power purchase agreement (VPPA) for the electricity delivered to the power grid from a 79 MW portion of Enel North America’s Seven Cowboy wind project in Oklahoma.
The agreement, advised by Edison Energy LLC, advances progress toward achieving Takeda’s goals of reducing 40% of scopes 1 and 2 greenhouse gas (GHG) emissions by 2025 and achieving net-zero GHG emissions for scopes 1 and 2 before 2035.
Through the agreement, Takeda will purchase approximately 350,000 MWh of electricity from Enel annually. The project is expected to begin operations by 2023.
“The health of our planet and the health of people are inextricably linked and, as such, it is incumbent on us to take every step we can to protect both,” says Takako Ohyabu, chief global corporate affairs and sustainability officer at Takeda. “This agreement plays a key role in creating a more sustainable infrastructure, while also fostering responsible innovation and allowing us to do our part to minimize our environmental impact and address one of the most pressing health threats facing humanity and the planet.”
The renewable energy certificates provided under the agreement will cover the electricity usage for U.S. facilities, including BioLife Plasma Services centers in the U.S., global manufacturing and supply, research and development and other office locations, with the ability to accommodate expansions.
“It’s clear that businesses must play a leading role in driving decarbonization in the U.S.,” states Paolo Romanacci, head of Enel North America’s renewable energy business, Enel Green Power. “Enel offers a suite of tailored solutions that enable our partners to reach net zero. Through this VPPA, Enel is proud to support Takeda in advancing toward the company’s sustainability goals.”
“Corporate sustainability requires impactful clean energy investments,” comments Hannah Badrei, Ph.D., vice president of energy supply advisory at Edison Energy. “This was a cutting-edge transaction in which Takeda has enabled construction of the project and reduced its emissions through a virtual Power Purchase Agreement, while also stabilizing costs via an innovative volatility protection structure. A transaction like this goes a long way in measurably impacting climate change, and Edison is proud to support Takeda on its journey towards a healthier, resilient, and more sustainable future.”