Covestro signs first major renewable energy agreement for its US operations

In Pennsylvania, Covestro, a manufacturer of polymer materials and their components, said it has signed a 90 megawatt (MW) virtual power purchase agreement (vPPA) with Ørsted, a clean energy provider in the U.S. market, headquartered in Denmark.

This newest 15-year agreement secures a portion of power from the Mockingbird Solar Center in Lamar County, Texas, marking Covestro’s first renewable energy agreement in the U.S. The vPPA is estimated to offset 70,000 tons of CO2 emissions annually and will reduce the scope 2 emissions from Covestro’s third largest production site, located in Baytown, Texas.

Markus Steilemann, CEO of Covestro, said: “The inclusion of renewable energy to help power our facilities is a critical component to reducing our scope 2 emissions and becoming operationally climate neutral by 2035.”

More on the story.