Clorox Signs Renewable Energy Agreement
April 28 2022 - 5:24PM
Dow Jones News
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.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 28, 2022 17:09 ET (21:09 GMT)
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