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).
The Mockingbird Solar Center invests $500 million in renewable energy and creates 550 jobs in Texas. (Image Credit/Source: MarkStebnicki/Pexels)
The $529 million Vikings project supports grid stability by shifting daytime solar energy to meet peak demand periods. (Image Credit/Source: NadeemJafar/Pexels)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)