Cummins Partners with Wind Farm to Expand Low-Carbon Energy
August 16 2017 - 8:00AM
Business Wire
Cummins Inc. (NYSE: CMI) announced that it has entered into a
Virtual Power Purchase Agreement (VPPA) with EDP Renewables North
America (EDPR NA) to expand a wind farm in Northern Indiana. The
agreement is another step for Cummins as it works ambitiously to
reduce greenhouse gas (GHG) emissions.
The expansion will add 75 megawatts, enough to power
approximately 20,000 average Indiana homes, to the existing 600
megawatt capacity at the Meadow Lake Wind Farm complex. When fully
operational, the wind farm expansion will generate renewable
electricity equivalent to the amount Cummins uses at its Indiana
facilities.
“At Cummins, our strategy is to provide clean, fuel efficient
and dependable power for our customers with the least environmental
impact possible,” said Brian Mormino, Executive Director of
Worldwide Environmental Strategy and Compliance at Cummins.
“Greenhouse gases are our largest impact, and we are currently
working on our third facility greenhouse gas reduction goal since
2006. As we explored ways to even further reduce these
emissions, we learned we could add to the renewable energy market
in our headquarters state. That led us to this partnership with EDP
Renewables to add low-carbon energy capacity in Indiana that will
benefit the environment and the community for a long time to
come.”
In a VPPA, the wind farm owner sells the power into the broad
power markets that feed the regional electric grid. The agreement
with Cummins provides certainty that enables the project to move
forward as it guarantees a fixed price for that electricity.
Cummins benefits as the VPPA provides a hedge against rising energy
prices and the company will receive the renewable energy
certificates to ensure greenhouse gas reductions.
“EDPR NA has the largest wind energy capacity footprint in the
state of Indiana and is pleased to partner with Indiana-based
Cummins to help in meeting its energy and environmental goals,”
said Ryan Brown, EDPR NA Executive Vice President – Eastern Region
and Canada. “Cummins’ investment in low-cost, renewable energy
shows its commitment to keeping our world a cleaner, healthier
place to live.”
“With all of our environmental sustainability goals, we want to
maximize our impact,” said Mark Dhennin, Director, Energy and
Environment, Cummins Inc. “Though it’s impractical to transfer the
power directly to our facilities, it was very important to us to
choose a project that added real renewable energy capacity in the
marketplace while providing tangible environmental and community
benefits. Our analysis showed that supporting wind power through a
VPPA was the most cost effective way to achieve the greatest
greenhouse gas reduction in Indiana.”
Cummins has a history as an environmental leader. It has been
actively pursuing energy efficiency and greenhouse gas reduction in
its facilities since 2006, when it set its first GHG reduction
goal. The Company has a total of 11 solar arrays including projects
installed in Jamestown, New York and in Beijing, China.
Cummins’ Environmental Sustainability Plan includes a 2020
energy intensity reduction goal of 32 percent from a base year of
2010. Also part of the 2020 goal was a commitment to increase
renewable energy, and this VPPA delivers on that promise. Cummins
has committed to use science-based target methodology as it
develops its next GHG reduction goal.
In 2016, Cummins received the Award of Excellence from the Clean
Energy Ministerial in the Energy Management Leadership Awards. The
Company has been listed on the Dow Jones Sustainability Index since
2006, and has a reputation in the industry for its environmental
leadership by reducing emissions from commercial vehicles and other
products with its technological advances.
About Cummins
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service diesel and natural gas engines and related
technologies, including fuel systems, controls, air handling,
filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins
currently employs approximately 55,400 people worldwide and serves
customers in approximately 190 countries and territories through a
network of approximately 600 company-owned and independent
distributor locations and approximately 7,400 dealer locations.
Cummins earned $1.39 billion on sales of $17.5
billion in 2016. Press releases can be found on the Web
at www.cummins.com. Follow Cummins on Twitter
at www.twittter.com/cummins and
on YouTube at www.youtube.com/cumminsinc.
About EDP Renewables (EDPR)
EDP Renewables (Euronext: EDPR) is a global leader in the
renewable energy sector and the world’s fourth-largest wind energy
producer. With a sound development pipeline, first class assets and
market-leading operating capacity, EDPR has undergone exceptional
development in recent years and is currently present in 12 markets
(Belgium, Brazil, Canada, France, Italy, Mexico, Poland, Portugal,
Romania, Spain, the UK and the US). Energias de Portugal, S.A.
(“EDP”), the principal shareholder of EDPR, is a global energy
company and a leader in value creation, innovation and
sustainability. EDP has been a Dow Jones Sustainability Index for
eight consecutive years.
For further information, please visit www.edpr.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170816005083/en/
Cummins Inc.Katie Zarich, 317-650-6804Manager – External
CommunicationsKatie.zarich@cummins.com
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