Ball Corporation Enters Agreement for New Wind Energy to Strengthen North American Renewable Energy Transition
Ball Corporation has signed a virtual power purchase agreement to acquire 151 megawatts of wind energy from NextEra Energy Resources, aimed at reducing greenhouse gas emissions by approximately 30%. This project will generate 600,000 megawatt hours of clean energy annually, covering nearly half of Ball's North American manufacturing facilities' electricity needs. By 2024, the company expects to be 65% towards its goal of sourcing 100% renewable electricity globally by 2030. The initiative marks a significant step in Ball's sustainability strategy, supporting its net-zero emissions target before 2050.
- Ball's new wind energy agreement will reduce Scope 2 emissions by approximately 30%.
- The project will supply enough clean energy to cover nearly half of Ball's North American facilities.
- With this agreement, Ball aims to achieve 65% of its renewable electricity target by 2024.
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Marks the fourth global wind development supporting the company's renewable energy and carbon reduction targets
WESTMINSTER, Colo., May 16, 2022 /PRNewswire/ -- Ball Corporation (NYSE: BALL) today announced it has entered into a virtual power purchase agreement (VPPA) in which Ball will purchase 151 megawatts of new wind energy from a subsidiary of NextEra Energy Resources, LLC, the world's largest generator of renewable energy from the wind and sun. The wind energy center will be located in west Texas and Ball's portion of the project is expected to produce 600,000 megawatt hours of clean energy annually, enough to address the electricity load of nearly half of Ball's North America manufacturing facilities.
The wind energy center, which will be owned and operated by a subsidiary of NextEra Energy Resources, will support Ball's ambition to achieve its 2030 science-based targets and net-zero emissions prior to 2050. The wind energy center is expected to reduce Ball's global Scope 2 greenhouse gas emissions by approximately
"At Ball, we believe progress requires transparency. As we grow our business to meet the demand for infinitely recyclable aluminum beverage packaging, we remain committed to our goals of cutting our operational emissions and reducing the carbon footprint of our aluminum packaging," said Dennis Schuilenburg, Chief Commercial and Sustainability Officer at Ball. "Our lifecycle analysis study shows that using renewable electricity in can manufacturing can reduce the carbon footprint of an aluminum beverage can by up to
The wind energy center adds to Ball's previous wind agreements in the United States, Sweden and Spain where electricity produced from these projects allowed the company to source
"We're pleased to work with Ball and it's great to see the company incorporate wind energy as an important part of its sustainability strategy," said Matt Handel, senior vice president of development for NextEra Energy Resources. "This wind energy center will also create significant economic stimulus for the local community, creating good jobs and additional tax revenue."
Construction on the wind energy center is underway and it is expected to begin supplying power starting in 2023. Ball was advised on the agreement by Schneider Electric Energy and Sustainability Services, who assisted the company in its project selection and negotiations.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products for customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of
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