Estee Lauder in Virtual Power Purchase Deal With NextEra Wind Farm
November 15 2019 - 10:31AM
Dow Jones News
By Michael Dabaie
Estee Lauder Cos. Inc. (EL) said it signed a virtual power
purchase agreement for the Ponderosa wind farm in Beaver County,
Okla.
The wind farm is owned and operated by a subsidiary of NextEra
Energy Inc.'s (NEE) NextEra Energy Resources.
Under the agreement, Estee Lauder will purchase the energy
produced by 22 megawatts of the Ponderosa wind farm, which equates
to about 10 wind turbines, the company said. Construction of the
wind farm is scheduled to begin in early 2020.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 15, 2019 10:16 ET (15:16 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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