Wednesday, December 7 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Takeda signs VPPA for 79 MW of Enel wind project in Oklahoma


    September 19, 2022 - SeeNews Renewables

     

      September 19 (Renewables Now) - Japanese biopharmaceutical company Takeda (TYO:4502) has signed a virtual power purchase agreement (VPPA) for a 79-MW part of the 300-MW Seven Cowboy wind project in Oklahoma of Enel North America, part of Italy's Enel (BIT:ENEL).

      The 12-year agreement, announced today, will see Takeda buy about 350,000 MWh of electricity from Enel a year, which is enough to meet Takeda’s expected electricity needs in the US. The wind facility should be online by 2023.

      The deal supports Takeda’s targets of reducing 40% of scopes 1 and 2 greenhouse gas (GHG) emissions by 2025 and reaching net-zero GHG emissions for scopes 1 and 2 by 2035.

      "This was a cutting-edge transaction in which Takeda has enabled construction of the project and reduced its emissions through a virtual power purchase agreement, while also stabilising costs via an innovative volatility protection structure,” commented Hannah Badrei of Edison Energy, which advised on the contract.

      Construction of the Seven Cowboy wind plant started in March.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.