Initiative Follows Avery Dennison Commitments to WWF Climate
Savers Program
GLENDALE, Calif. & CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Dec. 5, 2016--
Global labeling and packaging materials manufacturer Avery
Dennison Corporation (NYSE:AVY) has signed a wind power purchase
agreement (PPA) with Apex
Clean Energy to offset 50 percent of the company’s U.S.-based
greenhouse gas emissions derived from electricity consumption, signaling
commitment by Avery Dennison to renewable energy and energy efficient
practices and technology.
Under the agreement with Apex’s Perryton Wind, a 299.91 MW wind energy
project to be located in Ochiltree County, Texas, Avery Dennison will
purchase 20 MW of renewable energy capacity. The PPA is a key component
of Avery Dennison’s 2025 sustainability goal to reduce absolute
greenhouse gas emissions from its operations by at least three percent
annually, and by at least 26 percent overall, between 2015 and 2025,
made as part of the company’s new participation in World Wildlife Fund’s
(WWF) Climate
Savers Program. Perryton will be Apex’s fifth Texas wind farm,
powering the equivalent of 108,000 U.S. homes. The facility will consist
of 130 Siemens 2.307 MW turbines.
According to Roland Simon, vice president of global procurement and
global sustainability leader at Avery Dennison, the partnership with
Apex is one of the ways Avery Dennison continues to create shared value
for the company, the industry and communities worldwide. He noted that
the PPA will provide clean, renewable electricity equal to 50% of the
power consumed by Avery Dennison’s U.S. operations.
“It’s important for us to optimize renewable energy sources in a way
that ripples outward to create change that encompasses far more than our
own business,” said Simon.
Apex, an independent energy solutions provider, was awarded a 2016
Green Power Leadership Award by the Center for Resource Solutions in
October for its leadership in bringing wind capacity to market and its
expansion of direct purchasing of clean energy by the public and private
sectors.
“We leverage the depth and breadth of our national pipeline of projects
and we are committed to tailoring solutions that meet the specific goals
of our corporate, utility and public sector partners, from a facility
purchase to a structured PPA,” explained Steve Vavrik, Apex’s chief
commercial officer. “The commitment to long-term renewable energy
purchasing by companies such as Avery Dennison is providing a strong
drive in the market to bring more clean energy to the grid,” Vavrik
added.
Avery Dennison’s investment in renewable wind power demonstrates its
continued focus on energy efficiency and energy reduction. The agreement
with Apex comes on the heels of Avery Dennison joining World Wildlife
Fund’s (WWF) Climate
Savers Program, a global group of partner companies engaged in the
transition to a climate-friendly economy.
Additional goals set with WWF include covering the equivalent of 100
percent of electricity consumption at Avery Dennison’s U.S. operations
with renewable energy by 2025 and addressing climate change through
other areas of operations, such as maximizing use of paper made with
recycled or certified wood fiber (sourcing only from certified sources
by 2025).
“We recognize Avery Dennison for its strong leadership in sourcing more
renewable energy to help achieve the company’s emission reduction
target,” said Matt Banks, climate and business manager at WWF. As our
newest Climate Savers partner and as a signatory of the Renewable Energy
Buyers Principles, Avery Dennison has called for increased access to
cost-effective renewable energy that will lead to measurable reductions
in its greenhouse gas emissions while demonstrating to other companies
the business and environmental value of scaling up to achieve a 2025
target.”
“Working in partnership with WWF is part of our commitment to sustain a
thriving business that is a force for good — one that generates value,
in every respect, for all involved,” said Simon.
About Avery Dennison — Avery Dennison (NYSE:AVY) is a global
leader in labeling and packaging materials and solutions. The company’s
applications and technologies are an integral part of products used in
every major market and industry. With operations in more than 50
countries and more than 25,000 employees worldwide, Avery Dennison
serves customers with insights and innovations that help make brands
more inspiring and the world more intelligent. Headquartered in
Glendale, California, the company reported sales of $6 billion in 2015.
Learn more at www.averydennison.com.
About Apex Clean Energy — Apex Clean Energy builds, owns, and
operates utility-scale wind and solar power facilities. Last year, Apex
was the market leader in the United States, with 1,042 megawatts of new
wind capacity installations, enough clean energy to supply the
population of a city the size of Boston or San Francisco each year for
the life of the facilities. Apex recently coauthored, with the American
Council on Renewable Energy (ACORE), the new “Renewable
Energy PPA Guidebook for Corporate and Industrial Purchasers,” which
is intended to serve as a guide to the often complex PPA contracting
process and is designed for companies unfamiliar with the key elements
of successful PPAs. With a team of over 200 professionals and the
nation’s largest wind energy project pipeline, Apex is a leader in the
transition to a clean energy future. For more information, visit www.apexcleanenergy.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161205005156/en/
Source: Avery Dennison Corporation
Avery Dennison Corporation
Rob Six, 626-304-2361
Vice
President, Global Corporate Communications
rob.six@averydennison.com
or
Apex
Clean Energy
Steve Bowers, 434-270-7487
Vice President,
Marketing and Communications
steve.bowers@apexcleanenergy.com