Plumbing and heating products distributor Ferguson PLC (NYSE:FERG) will purchase power from a portion of Engie North America’s 153-MW Century Oak wind project, which is currently under construction in Callahan County, Texas.
The companies announced today they have signed a 65-MW virtual power purchase agreement (VPPA) for the project. The contract is expected to match a significant part of Ferguson’s annual electricity use in the US and Canada, contributing to the company’s efforts to reduce its environmental footprint.
Subscribe for Renewables Now’s Corporate PPA Newsletter here for free!
The 45-turbine wind farm is expected to be completed by the end of the year. It is part of the almost 7 GW of wind, solar and storage capacity that French utility Engie SA (EPA:ENGI) has in operation or construction across North America.
The deal between Ferguson and Engie was aided by Schneider Electric (EPA:SU) via its VPPA advisory services.
