Covestro, a manufacturer of high-quality polymer materials and their components, has signed a 90-megawatt (MW) virtual power purchase agreement (vPPA) with Ørsted, a clean-energy leader in the U.S. market, headquartered in Denmark.
The 15-year agreement secures a portion of power from the Mockingbird Solar Center in Lamar County, Texas, marking Covestro's first renewable-energy agreement in the United States. The vPPA is estimated to offset 70,000 tons of CO2 emissions annually and will reduce the scope 2 emissions from Covestro's third-largest production site, located in Baytown, Texas.
“This important new announcement builds upon Covestro's existing agreement with Ørsted and clearly signals our commitment to the use of renewable energy,” said Markus Steilemann, CEO of Covestro. “The inclusion of renewable energy to help power our facilities is a critical component to reducing our scope 2 emissions and becoming operationally climate neutral by 2035
