(PPG) PPG (NYSE:PPG) today announced a 1.5 megawatt (MW) agreement with Constellation (NASDAQ: CEG) that will help PPG purchase clean, renewable energy equivalent to the annual electricity use of its Adrian, Mich., automotive adhesives and sealants manufacturing facility beginning in 2024.
Through a 12-year agreement, PPG will receive energy and project-specific renewable energy certificates (RECs) from Swift Current Energy’s Double Black Diamond Solar Energy Project. This deal is made possible by a long-term agreement between Constellation and the project developer and long-term owner, Swift Current Energy, under which Constellation will purchase a portion of the energy and RECs generated by Double Black Diamond. Construction of the solar project is expected to start by the end of 2022.
PPG’s Adrian facility manufactures adhesives and sealants for automotive original equipment manufacturers (OEM) and has more than 65 employees. The facility will procure approximately 3,500 megawatt hours of energy per year from the Double Black Diamond solar project, which is expected to help PPG reduce its carbon footprint by more than 2,400 metric tons annually. This is the equivalent emissions of more than 530 gasoline-powered passenger vehicles driven for one year, according to EPA greenhouse gas equivalencies.