Iberdrola and Nike have agreed to their third clean energy power purchase agreement (PPA) in three years, with the latest PPA to supply Nike in Europe
The new agreement will see Nike facilities in Europe supplied by 40 MW of electricity from the Cavar wind complex in Navarra, northern Spain. Nike said that the PPA will allow it to operate on 100% renewable energy across Europe by 2020
Iberdrola and Nike previously signed two PPAs in the U.S..
In total, Nike has signed about 200 MW with various Iberdrola companies
In the U.S., the deals between Nike and Avangrid Renewables (a subsidiary of Iberdrola) include 100 MW of wind power supplied from the Karankawa Wind Farm (Texas). Additionally, a service for Nike's Global HQ in Oregon delivers renewable supply from the nearby Leaning Juniper and Juniper Canyon wind facilities, with an equivalent capacity of 69 MW.
Nike said that it anticipates securing further renewable energy agreements in a number of countries in the months ahead.