Levi Strauss Teams up with Walmart, Orsted, Schneider Electric for Wind Energy Project

Highlights :

  • The financial terms of the agreement have not been disclosed, however, it has been revealed that the PPA is valid for the next 12 years and will produce 250,000 MWh of wind power every year.
  • The GPPA will pave the way for Levi Strauss to be able to achieve its energy goals and cut down on emissions and slow down the climate change.

 

Levi Strauss Teams up with Walmart, Orsted, Schneider Electric for Wind Energy Project

American clothing company known for manufacturing denim jeans, Levi Strauss has joined forces with Walmart Inc, Orsted, Schneider Electric for the purchase of percentage of the renewable energy that is to be generated by Kansas-based Sunflower Wind Farm. The financial terms of the agreement have not been disclosed, however, it has been revealed that the PPA is valid for the next 12 years and will produce 250,000 MWh of wind power every year.

Walmart’s Gigaton Power Purchasing Agreement Initiative

The Gigaton Power Purchasing Agreement (GPPA) is a supply chain-based initiative from Walmart that looks to accelerate the adoption of renewable energy through an aggregate power purchase agreement.

The said twelve-year PPA is the first under Walmart and Schneider Electric’s renewable energy accelerator Gigaton PPA. The GPPA will pave the way for Levi Strauss to be able to achieve its energy goals and cut down on emissions and slow down the climate change. The initiative will speed up the denim brand’s goal to reduce Scope 1 and 2 emissions by 90% in another three years’ time while also enabling it to reduce 1 billion metric tons emissions throughout its supply chain by year 2030.

“By working together with other companies on this project, our collective purchasing power is creating a pathway for clean energy,” stated Pavan Pamidimarri, Senior Vice President of finance for operations and sourcing at Levi Strauss & Co. “This agreement will not only bring an energy alternative to market; it also enables LS&Co. to make an investment that delivers on our commitment to meeting our own goals for renewable energy use in our company-operated facilities.”

“The Sunflower Wind Farm and the GPPA serve as reminders that innovative solutions are available to help companies like LS&Co. — and many others — make progress toward our climate goals,” added Jeffrey Hogue, Levi Strauss & Co Chief Sustainability Officer. “While our Scope 1 and 2 emissions make up a small portion our overall carbon footprint, it’s critical we continue to leverage creative solutions to achieve our goal in our company-operated facilities.”

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