Canada's Lululemon to get renewable electricity from Enel Green Power
Source: · FIBRE 2 FASHION · | September 27, 2021
Source: Pic: PR Newswire
Enel Green Power North America has signed a virtual power purchase agreement (VPPA) with Lululemon Athletica, enabling the company to achieve its goal of sourcing 100 per cent renewable electricity across its direct operations in North America by 2021. Canada’s Lululemon makes apparel for yoga, running, training, and other sweaty pursuits.
Through the VPPA, which was facilitated by LevelTen Energy, Lululemon will purchase the electricity delivered to the grid by a 15 MW portion of Enel Green Power’s North America Azure Sky Wind project in Texas, equivalent to the electricity used by all of Lululemon’s company-operated stores, offices and warehouse facilities in North America. The agreement is Lululemon’s first renewable energy VPPA and underscores the company's investment to fuel its Impact Agenda, Enel Green said in a press release.
Through the VPPA lululemon will meet its renewable energy goals by aggregating the electricity load across 100 percent of their company-operated stores, offices, and distribution centres in North America and purchasing wind energy equivalent to the electricity needs of their operational footprint. For its operations globally, lululemon will achieve 100 percent renewable electricity through renewable energy credits while continuing to look for opportunities to support net new renewable energy development in the regions they operate in. lululemon was advised on the VPPA by LevelTen Energy, which leveraged its Energy Marketplace and PPA analytics to assist the company in its project selection and negotiations.
The announcement helps Lululemon achieve its RE100 commitment by 2021 and make progress against its Impact Agenda goals which include Science-based Targets by 2030. Lululemon’s Impact Agenda, launched in October 2020, details the company’s strategy to become a more sustainable and equitable business, and outlines its vision to minimise environmental impact and contribute to a healthier world, according to Enel Green.