logo

FX.co ★ WestRock Inks Virtual Power Purchase Agreement With ENGIE North America

WestRock Inks Virtual Power Purchase Agreement With ENGIE North America

WestRock Co. (WRK), a provider of paper and packaging solutions, announced on Tuesday its entry into virtual power purchase agreements (VPPAs) with ENGIE North America, a subsidiary of ENGIE S.A. and a global leader in the net zero energy transition.

WestRock is advancing its science-based targets for greenhouse gas reduction by supporting two solar projects based in Texas.

The first project under the VPPAs, Bernard Creek Solar, LLC, is now operational in Wharton County, southwest of Houston. WestRock has contracted 207 MW from this 230 MW solar project, which is projected to produce approximately 500,000 MWh annually. The project is anticipated to generate over $45 million in revenue for the county and create more than 250 jobs during its construction phase.

In conjunction with a similar project in Bell County, WestRock’s VPPA commitments will bring a total of 282 MW of renewable energy to the Texas energy grid.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account