Idaho-based memory and storage solutions provider Micron Technology has announced the signing of a 15-year virtual power purchase agreement with renewable energy developer Terra-Gen for its U.S. operations.
Under the deal, Micron with contract for about 178 MW of wind electricity capacity annually, along with associated renewable energy certificates. Under most PPAs, the customer doesn’t always receive the renewable energy directly, but it’s investment helps create clean energy infrastructure and capacity building.
According to Micron, the move supports its goal of sourcing 100 percent renewable energy in the U.S. by the end of 2025 and aligns with its long-term goal of achieving net-zero greenhouse gas emissions by 2050.
Once the project starts producing electricity for Micron, it is expected to avoid or offset more than 280,000 metric tons of carbon dioxide equivalent emissions per year. This reduction is equivalent to the average electricity consumption of more than 50,000 homes in the U.S.
“This partnership with Terra-Gen adds another utility-scale renewable energy project to our growing portfolio, supporting our goal to achieve 100 percent renewable energy in the U.S. by the end of 2025,” said Manish Bhatia, executive vice president of Global Operations at Micron. “Terra-Gen’s proven track record of building and operating efficient facilities, as well as the maturity of this particular wind project enables Micron to diversify our energy portfolio and to effectively manage our long-term energy costs in the U.S.”
Micron has committed to investing about $1 billion by 2028 to support its environmental targets. These targets include a 42 percent reduction in greenhouse gas emissions from operations (scope 1) by 2030, compared to the company’s 2020 baseline.
Terra-Gen is a New-York based developer of renewable energy that operates over 2.2 GWh of wind, solar and energy storage throughout the U.S.