US-based Lockheed Martin has signed a 17-year power purchase contract to buy solar electricity generated by Duke Energy Renewables.
Under the deal, 30MW or around 72,000 MWh per year of solar energy will be generated for the US national grid and across all the domestic business sectors of the company.
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Duke Energy will supply clean energy to Lockheed from its new solar facility in Conetoe, North Carolina, US that produces 80MW of power.
In order to fulfil the company’s comprehensive sustainability commitments, Lockheed aims to reduce the overall energy consumption and CO2 emission by focusing on renewable energy projects.
Currently, Lockheed is using around 260,000MW hours of clean energy per year, which is enough to cover 16% percent of the company’s total electricity use.
The company is also using renewable energy credits to reduce its power consumption.
Lockheed Martin energy, environment, safety and health vice president Carol Cala said: "Signing this agreement for the acquisition of large-scale renewable power is a significant milestone towards our commitment to environmental stewardship and is one more step in the expansion of our Go Green programme looking for operational efficiencies and best business value to our operations.
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By GlobalData"We have a goal to reduce our greenhouse gas emissions by 35% by 2020 based on our 2010 emissions, and with this investment in renewables we are one step closer to achieving that goal."
Since 2011, Duke Energy Renewables has built 25 solar power plants, totalling 270MW capacity, in North Carolina with an investment of around $700m.
Last year, the energy utility firm had added 300MW of solar power in North Carolina, which is enough to power around 60,000 average households.
Image: Duke Energy Renewables solar facility in Conetoe, North Carolina. Photo: courtesy of Aerophoto America
