By Stephen Nakrosis
The Clorox Co. said it signed a 12-year renewable energy agreement, its second such deal, to support its goal of 100% renewable electricity for its U.S. and Canada operations.
The company said it signed the 47-megawatt virtual power purchase agreement with Enel Green Power North America, and will begin to purchase renewable electricity beginning in 2023. When the deal goes into effect, it is expected to supply about half the renewable electricity needed to cover U.S. and Canada operations, Clorox said.
The company said it first achieved 100% renewable electricity for U.S. and Canada operations in January 2021, when its first VPPA with Enel Green Power North America went into effect. That deal covered about half its electricity needs at the time, Clorox said, adding it has been purchasing renewable energy credits to cover the balance of its electricity needs. "Based on the company's current and expected electricity demands in the U.S. and Canada, this second agreement is intended to replace the need to purchase RECs from the open market when it goes into effect," Clorox said.
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(END) Dow Jones Newswires
April 28, 2022 17:09 ET (21:09 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.