Global fast food giant McDonald’s has negotiated a virtual power purchase agreement (VPPA) with Apex Clean Energy and Ares Management Corporation for a portion of the output from the Aviator wind farm in Texas.
The deal covers 220MW from the Aviator Wind West part of the project, which will have total capacity of 525MW when it comes online next year in Coke County.
This is the first wind energy contract signed by McDonald’s and will help the company make strides toward its Climate Action Target to reduce greenhouse has gas emissions by 36% by 2030.
Energy generated for the VPPA will cover the equivalent electricity needs of 1300 McDonald’s restaurants.
The company has also struck a VPPA for power from an unnamed solar farm in Texas.
Aviator is being built by Apex Clean Energy, which will also asset manage the project owned by Ares Management Corporation.
It will create approximately 300 short-term construction jobs and at least nine long-term operations positions, as well as generate approximately $140m in tax revenue for the local economy.
McDonald’s chief supply chain and sustainability officer Francesca DeBiase said: “As we look at the most pressing social and environmental challenges facing the world today, McDonald’s has a responsibility to take action, and our customers expect us to do what is right for the planet.
“This US wind project represents a significant step in our work to address climate change, building on years of renewable energy sourcing in many of our European markets.
“We want to keep this momentum going, and we’re excited for what’s next.”
Apex Clean Energy president and chief executive Mark Goodwin said: “By developing a clear science-based target for reducing carbon emissions and working to achieve that target through such a significant renewable energy purchase at Aviator Wind West, McDonald’s is demonstrating its leadership to a global audience.
“Apex is proud to partner with McDonald’s in its journey to create a better future for people around the world.”
Ares Infrastructure and Power co-head Keith Derman said: “The growth in long-term corporate offtake agreements is a testament to the efficient and sustainable low-cost power in the renewables industry.
“We look forward to working with McDonald’s on Aviator Wind West and assisting other leading corporations in utilizing renewable energy as part of their commitment to clean energy.”