November 15 (Renewables Now) - The Estee Lauder Companies Inc (NYSE:EL) today said it has agreed to buy the power from 22 MW of capacity, or roughly 10 turbines, at the Ponderosa wind farm in Oklahoma.
In support of its 100% renewable power goal for 2020, the beauty group signed a virtual power purchase agreement (VPPA) for Ponderosa with NextEra Energy Resources. It said the 200-MW park is planned to enter construction early next year.
Estee Lauder in 2017 joined the RE100 initiative, which unites companies committed to using only renewable electricity. In the US and Canada, it has achieved the 100% goal ahead of schedule. The company's renewables portfolio already included 1 MW of solar capacity at its Whitman Laboratories in the UK, and 1.4 MW more at the Melville campus in New York. There are additional projects in the pipeline.