Constellation and Enel Green Power Sign Energy Deal with Starbucks
November 28 2018 - 9:00AM
Business Wire
Agreement will power more than 340
Starbucks-operated stores in Illinois with 100 Percent
Renewables
Constellation, an Exelon (NYSE:EXC) company and the nation’s
leading competitive energy provider, has signed a long-term
agreement with Starbucks to power more than 340 company-operated
Illinois stores with 100 percent renewable energy produced by Enel
Green Power (EGP) North America, Inc.'s HillTopper wind project in
Logan County, Ill. The deal is made possible by a separate
long-term agreement between Enel and Constellation under which
Constellation will purchase a 14-megawatt1 portion of the energy
generated by HillTopper.
“It’s exciting to see Starbucks continue its commitment to play
a role in the growth of renewable energy markets,” said Rebecca
Zimmer, director of global environmental impact for Starbucks. “We
are identifying and investing in new green power projects that are
close to our retail communities and give our store partners a story
they can be proud of.”
The agreements reinforce Starbucks’ commitment to greening its
operations through energy and water conservation measures and
advancing renewable energy sources through its purchasing practices
and will enable Starbucks to support the generation of
approximately 48,000 megawatt-hours of wind power from EGP’s
HillTopper wind project, enough to brew nearly 100 million cups of
coffee, or more than seven cups of coffee for every Illinois
resident. It will deliver an annual environmental benefit
equivalent to removing nearly 8,000 passenger vehicles from the
road.
“Constellation is dedicated to providing clean energy solutions
that help our customers meet their environmental goals,” said Mark
Huston, president of Constellation’s national retail business.
“Starbucks is among the nation’s top purchasers of renewable
electricity and it is fitting that they chose Constellation to
sustainably power hundreds of their Illinois locations.”
The agreement leverages the Constellation Offsite Renewables
(CORe) offering, which increases access to renewable energy for
commercial and industrial customers, enabling Starbucks to
contribute to the development of HillTopper in Illinois, where the
stores are located.
“An increasing number of commercial and industrial customers are
choosing renewables as a competitive and clean way to meet their
energy needs and they look for customized solutions addressing
their specific energy profile,” said Georgios Papadimitriou, head
of Enel Green Power North America. “The agreement with
Constellation is an example of an innovative approach we are taking
to meet the needs of these commercial and industrial customers to
enable them to achieve their sustainability targets in a
cost-effective way.”
The HillTopper wind farm, is expected to enter into service by
the end of 2018. The facility will have a total capacity of 185
megawatts and, once fully operational, will be able to generate
around 570 gigawatt-hours of electricity annually. Investment in
the construction of HillTopper amounts to approximately $325
million.
Edison Energy provided renewable energy market access, project
due diligence and customer education to support the transaction
process.
About Constellation
Constellation is a leading competitive retail supplier of power,
natural gas and energy products and services 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 more
than two-thirds of the Fortune 100. Baltimore-based Constellation
is a subsidiary of Exelon Corporation (NYSE:EXC), the nation’s
leading competitive energy provider, with 2017 revenues of
approximately $33.5 billion, and more than 32,000 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.
About Enel Green Power North America
Enel Green Power North America, part of Enel Green Power, the
Renewable Energies business line of the Enel Group, is a leading
owner and operator of renewable energy plants in North America with
projects operating and under development in 24 US states and two
Canadian provinces. In North America, the company operates around
100 plants with a managed capacity exceeding 4.3 GW powered by
renewable hydropower, wind, geothermal and solar energy. In 2017,
the company was the fastest growing renewable energy company in the
US, bringing approximately 1.2 GW of capacity online. The company
is currently the largest wind operator in Kansas and Oklahoma.
Enel Green Power is dedicated to the development and operation
of renewables across the world, with a presence in Europe, the
Americas, Asia, Africa and Oceania. Enel Green Power is a global
leader in the green energy sector with a managed capacity of around
42 GW across a generation mix that includes wind, solar,
geothermal, biomass and hydropower, and is at the forefront of
integrating innovative technologies into renewable power
plants.
About Exelon Corporation
Exelon Corporation (NYSE:EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2017 revenue of $33.5 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,000 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2 million residential, public sector and business
customers, including more than two- thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
1 This energy will then be sold to Starbucks under a separate
agreement with Constellation.
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version on businesswire.com: https://www.businesswire.com/news/home/20181128005441/en/
Christina
PrattConstellation410-470-9700christina.pratt@constellation.com
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