SKF solidifies its commitment to sustainability through two REC purchase agreements in North America. The first pact focuses on Green-e certified wind energy, extending until 2025. The second, a 12-year agreement with Clearway Energy Group, covers a portion of RECs from a 452 MW solar farm in Texas. This marks SKF’s initial large-scale REC procurement in the US, helping it address 100% of electricity needs in its North American facilities with renewable energy, aligning with its ambitious decarbonization goals. Schneider Electric played a pivotal role in supporting SKF throughout the project selection and negotiation process.
Clearway Energy and SKF ink 12-Year solar REC agreement
SKF secures a 12-year solar REC deal with Clearway Energy, reinforcing its dedication to achieving 100% renewable electricity in US and Canada facilities by 2030. (Image Credit: SKF).
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)