FinancialContent is the trusted provider of stock market information to the media industry.
eBay Teams Up with Apple, Samsung Austin Semiconductor and Sprint on a Renewable Energy Project
New power purchase agreement will support Texas wind farm and generate enough clean energy to power 20,000 homes.

SOURCE: eBay

DESCRIPTION:

November 5, 2019 /3BL Media/ Today, eBay announced a joint agreement to purchase renewable energy with three other tech companies—Apple, Samsung and Sprint. The new project, called a virtual power purchase agreement (VPPA), will support Apex Clean Energy’s White Mesa Wind Project in Crockett County, Texas, and will generate 75 megawatts of clean energy, which is the equivalent energy needed to power 20,000 homes. 

Collaborative renewable energy purchase agreements like this allow companies to pool their energy needs and collectively support large-scale renewable energy programs. The wind project is expected to come online in 2021 and will be developed by Apex Clean Energy. This is eBay’s first VPPA and a major accomplishment that helps pave the way for more renewable energy programs both in the U.S. and globally. For eBay, the annual output of clean energy for its portion of the 75 megawatts will be approximately equivalent to the electricity consumed at all of our U.S. offices, or about 10 percent of eBay’s global electricity footprint. 

“At eBay, we prioritize operating in the most environmentally and socially sustainable way,” said Wendy Jones, SVP Global Operations, eBay. “This collaboration is not only an important step in advancing our commitment to reaching 100 percent renewable energy by 2025, but it also offers an inclusive approach to collaborate with other companies and lead the way toward a clean energy future.”

Along with our 100 percent renewable energy commitment and participation in RE100, this agreement follows our recent announcement that our San Jose campuses are being powered by 100 percent renewable energy sourcing, joining Draper, Utah; Dreilinden, Germany; Dublin, Ireland; and Portland, Oregon. We are thrilled to work together with other purpose-driven companies to accelerate climate action. Learn more about eBay’s responsible business practices at eBayInc.com/Impact/Responsible-Business.

 
 

Tweet me: .@eBay teams up w/ @Apple, @Sprint & @SamsungAustin to support Texas wind farm and generate enough clean energy to power 20,000 homes http://bit.ly/2NNwigu @eBayNewsroom

KEYWORDS: eBay, Apple, Samsung, Sprint, Apex Clean Energy, White Mesa Wind Project, wind farm, NASDAQ: EBAY

Related Stocks:
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Six Financial & Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.