In an effort to accelerate renewable energy development in the states of Illinois and Virginia, Apple, Akamai, Etsy and Swiss Re have announced an agreement to develop two new wind and solar energy farms, that will generate 290 megawatts of clean energy for powering nearly 74,000 homes, while also supporting each of the companies’ operations.
The group, with technical assistance from 3Degrees, will collectively purchase 125 megawatts from a wind farm near Chicago and 165 megawatts from a solar PV project outside Fredericksburg, Virginia, which will be delivered to the electric grid covered by the PJM wholesale electric market.
The solar and wind projects are expected to come online over the next two years and will be developed by sPower and Geronimo Energy respectively.
“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.”
By collaborating with Apple, companies with limited opportunities like Akamai, Etsy, and Swiss Re will be able to access wind and solar power from the new projects at competitive prices and agreement terms.