Gap Inc. on Aug. 9 announced it signed a virtual power purchase agreement with a planned North Dakota wind farm as part of a commitment to 100% renewable energy across its stores by 2030.
"Today we have secured a path to achieving our 2020 goal, but we must do more. I'm proud to commit to renewable energy for 100 percent of our stores, headquarters and distribution centers globally by 2030," Gap President and CEO Art Peck said in a news release.
Gap signed a 12-year virtual power purchase agreement with Enel Green Power North America Inc. for 90 MW of output from the planned 300-MW Aurora Wind Project in Williams and Mountrail counties, N.D. The project is scheduled to start operation by the end of 2020.
Gap said the virtual power purchase agreement will allow the retailer to meet its clean energy target by aggregating its distributed electricity load in the U.S. The purchase also provides wind power equal to the energy needs of more than 1,500 retail stores in its global real estate portfolio.