THE WHAT? Procter & Gamble and Engie North America have announced a 200 MW Power Purchase Agreement from Engie’s Sun Valley Solar project in Texas.
THE DETAILS The solar energy agreement is P&G’s largest globally and will supply the US FMCG manufacturer with more than 530,000 MWh of renewable power annually.
The 250 MW Sun Valley Solar project will become a long-term contributor to the 36,000 residents of the Hill County community. The project is expected to generate tax revenues of around US$8 million to support county services and an additional US$18 million in revenues to the Abbot School district, supporting teachers and educational infrastructure over the life of the project.
THE WHY? Jack McAneny, P&G Vice President Global Sustainability, explains, “Partnering on new renewable power projects brings long-term, zero emissions renewable electricity on-line and is an important strategy to help us achieve our goal of purchasing 100 percent renewable electricity. We are excited to work with Engie on projects like Sun Valley that progress our strategy and provide benefits to the local community.”