Procter and Gamble (P&G) has signed a power purchase agreement (PPA) with ENGIE to buy energy from a solar project in Texas.
The Sun Valley Solar deal is the largest for P&G globally to date and will supply it with more than 530,000MWh of renewable power per year.
That’s equivalent to the annual electricity needs of more than 50,000 homes in the US.
The agreement, which is expected to displace the equivalent of more than 367,000 metric tons of CO2 equivalent annually, is part of P&G’s plan to accelerate action towards net zero emissions by 2040.
Jack McAneny, P&G Vice President Global Sustainability said: “Partnering on new renewable power projects brings long term, zero emissions renewable electricity online and is an important strategy to help us achieve our goal of purchasing 100% 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.”
A part of the development will be planted with locally appropriate vegetation that supports pollinators, such as butterflies and bees, that are critical to the longer term sustainability of the wider agricultural ecosystem.
Once in operation, up to 1,500 sheep will also graze the site, providing natural vegetation management around and under the solar installation.