PPG, a leading global manufacturer of paints, coatings and specialty materials, today (Oct 12) announced an agreement with Constellation, a leading competitive energy and energy solutions provider, in which PPG will power its Carrollton, Texas, paint manufacturing facility with clean, renewable energy from the 200 MW Big Star Solar Project, currently under development in Bastrop County, Texas.
Through a 10-year agreement, PPG will receive energy and project-specific renewable energy certificates (RECs) from Big Star as a part of their retail electricity supply contract with Constellation. The deal is made possible by a separate long-term agreement between Constellation and project developer RWE Renewables under which Constellation will purchase a 140-megawatt portion of the energy generated by Big Star to supply several large commercial customers. The solar project is expected to achieve commercial operation by Q2 2022.
PPG will procure approximately 4.6 million kilowatt hours of energy per year from Big Star, avoiding more than 3,200 metric tons of carbon emissions annually, the equivalent of taking more than 700 cars off the road, according to U.S. EPA estimates.
"At PPG, one of our 2025 sustainability goals is to increase renewable energy to 25% of total electricity usage, exclusive of greenhouse gas reductions," said Diane Kappas, PPG vice president, Global Sustainability. "Our collaboration with Constellation will allow us to contribute to that goal, with the intent to expand renewable energy at other PPG locations across the U.S."
To simplify the purchase, PPG will use the Constellation Offsite Renewables (CORe) retail power product, which increases businesses' access to renewable energy projects by removing the significant hurdles associated with traditional offsite power purchase agreements (PPAs).
By combining the simplified contracting and aggregation process of CORe with the commitment and involvement from sustainability-minded companies, Constellation is able to offer more customers access to the economic and sustainability benefits of large-scale, offsite renewable energy projects.
"We commend PPG on taking proactive measures to reduce its carbon footprint and make a positive impact on the environment," said Mark Huston, president of Constellation's National Retail Business. "We're pleased to offer this clean energy solution as a means to enable major commercial customers like PPG to deliver on their sustainability goals."
About Constellation
Constellation is a leading competitive retail supplier of power, natural gas and clean energy solutions for homes and businesses across the continental United States. Constellation's family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading competitive energy provider, with 2020 revenues of approximately $33 billion, and more than 30,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.
PPG: We Protect And Beautify The World®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
For more information, contact:
Dave Snyder, Constellation
410.470.9700
david.snyder@constellation.com
