Renewable

May 23 (Renewables Now) - Dallas-based polymer solutions provider Sekisui Specialty Chemicals on Friday said it has agreed a five-year contract to source renewable energy with TXU Energy.

The company, which is part of Japan’s Sekisui Chemical Co Ltd (TYO:4204), will procure energy from the 92-MW Indian Mesa wind farm starting from April 2022. The facility is located in Pecos County, Texas and on average is supplying 210,000 MWh a year to the Texas electricity grid.

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Sekisui Specialty Chemicals was advised by Edge Energy Consulting LLC on completing the power purchase agreement (PPA). It said the deal with TXU Energy, a subsidiary of Vistra (NYSE:VST), is a step towards the goal of using 100% renewable energy, which is set in its parent’s Vision 2030, released in 2020.

According to a recent report by the American Clean Power Association (ACP), corporate buyers announced a record 13.6 GW of new clean power contracts in the US in 2021.