Nike recently announced partnering with Iberdrola and start sourcing 100 percent renewable energy in Europe.
Along with previously-launched partnerships between Nike and Avangrid in North America, this new PPA will enable the company to reach 75 percent renewable energy globally.
These partnerships catapult Nike ahead of the timeline that it outlined three years ago when it joined RE100, a coalition of businesses pledging to source 100 percent renewable energy across all operations.
In January this year Nike announced signing its second major wind contract with Avangrid Renewables for 86 megawatts of Texas wind power.
This virtual power purchase agreement (PPA) will come to life through the Karankawa Wind Farm near Corpus Christi, Texas, that’s scheduled for completion in mid-2019. Nike’s power purchase commitment of 86 megawatts over the life of the agreement is equivalent to powering more than 400,000 average American households with carbon-free energy or to the emissions reduction of taking nearly 800,000 vehicles off the road for one year.