Thanks to a partnership led by Apple, Akamai, Etsy and Swiss Re will develop 290 megawatts of wind and solar projects in Illinois and Virginia to support their operations in the northeastern US. Collectively, the group will purchase the power from a 165 megawatt solar farm near Fredericksburg, VA and a 125 megawatt wind farm near Chicago.
“At Apple, we’re proud to power all of our operations around the world with 100 percent renewable energy,” said Lisa Jackson, Apple’s Vice President of Environment, Policy and Social Initiatives. “In the process, we’ve charted a course for other companies and organizations to purchase renewable energy and transition their own operations to greener power. The collaboration announced today shows how companies of all sizes can address climate change by coming together.”
The group of companies made the purchase with technical support from 3Degrees. The support from Apple allowed the companies to purchase wind and solar power from the projects at competitive prices and terms, according to 3Degrees.
“Etsy is excited to be a part of a project that will benefit both the planet and our customers,” said Rachel Glaser, Etsy Chief Financial Officer. “This agreement will help Etsy to meet our goal of powering operations with 100% renewable electricity while also innovating by paving the way for small companies to participate in the renewable energy market.”
“We are proud to be partnering with these corporate leaders to accelerate renewable energy adoption. For Akamai, this collaboration was critical in closing these deals; and, in conjunction with our Texas wind project signed last year, we are on target to achieve our 2020 global renewable energy goal,” said Jim Benson, Akamai EVP and CFO.
As the PJM electric grid serves 13 states, mostly in the eastern US, the new wind and solar projects will be used to serve the companies’ operations throughout PJM, including in Illinois, Maryland, New Jersey, Pennsylvania and Virginia. The solar project will be built by sPower and the wind project by Geronimo Energy. Both are expected to come online within the next two years.
It’s not the first time corporate purchasing practices have led to giant renewable energy projects that otherwise wouldn’t have taken place. Google pushed for a green rider program, which led to Duke Energy building a 61 megawatt solar project in North Carolina and earlier this year was named as one of the off-takers of 177 megawatts of solar power being built out in Georgia.Tweet