Johnson & Johnson procures Irish wind power under PPA with Ørsted

US healthcare group Johnson & Johnson announced today that it has signed a corporate power purchase agreement (PPA) with Denmark’s Ørsted A/S to procure electricity from two wind farms in Ireland.

The eight-year PPA specifies that the Danish energy major is to supply more 1 TWh of power over the life of the contract.

Thanks to the long-term nature of the arrangement, Ørsted will be able to invest in its development and repowering strategy to construct more renewable generation in the future, Johnson & Johnson said.

The latest PPA follows a set of other virtual PPAs that Johnson & Johnson signed in Europe. These contracts combined will enable the US group to secure the equivalent of 100% renewable power for all of its property sites.

Read more here.

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