Ball Corp Inks Power Purchase Agreement For New Wind Energy
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- Ball Corp (NYSE:BLL) has entered into a virtual power purchase agreement to buy 151 megawatts of new wind energy from NextEra Energy, Inc. (NYSE:NEE) NextEra Energy Resources LLC.
- The wind energy center will be located in west Texas. Ball's portion of the project is expected to produce 600,000 megawatt-hours of clean energy annually, enough to address the electricity load of nearly half of its North America manufacturing facilities.
- The move is in alignment with Ball's aim to achieve its 2030 science-based targets and net-zero emissions before 2050.
- The wind energy center is expected to reduce Ball's global Scope 2 greenhouse gas emissions by about 30%.
- Price Action: BLL shares are trading higher by 2.89% at $73.42 on the last check Monday.