WestRock, a prominent provider of sustainable fiber-based paper and packaging solutions, has recently taken significant strides towards minimizing its carbon footprint by joining hands with ENGIE North America. Through two virtual power purchase agreements (VPPAs), WestRock aims to contribute to the U.S. energy grid’s clean energy transition. These agreements will support ENGIE’s solar projects, Bernard Creek in Wharton County, Texas, and Chillingham Solar in Bell County, Texas, with a combined capacity of 282 MW. This strategic move aligns with WestRock’s commitment to reduce greenhouse gas emissions by 27.5% by 2030, as outlined in their science-based targets.

Driving Sustainability with Schneider Electric:
To navigate this renewable energy transition and derive maximum benefit from the virtual power purchase agreements, WestRock sought the expertise of Schneider Electric. As a trusted advisor, Schneider Electric provided valuable advisory services and strategy management throughout the process. This collaboration ensures that WestRock can effectively leverage renewable energy resources to achieve its environmental goals.

Abundant Solar Potential at Bernard Creek:
Under the VPPA, WestRock has contracted 207 MW from Bernard Creek, a significant solar project situated southwest of Houston in Wharton County. With an estimated annual output of approximately 500,000 MWh, this 230 MW solar installation is anticipated to be operational by the first half of 2024. Besides advancing clean energy production, the Bernard Creek project is poised to make a substantial economic impact. It is projected to generate over $45 million in revenue for Wharton County during its lifespan and create more than 250 employment opportunities during the construction phase.

Supporting Local School Districts through Chillingham Solar:
WestRock’s commitment to sustainability extends beyond renewable energy generation; it also entails supporting local communities. The second VPPA involves WestRock contracting 75 MW from ENGIE’s Chillingham Solar project, which boasts a total capacity of 350 MW. This undertaking aims to contribute to the prosperity of local school districts, generating an estimated $70 million in revenue throughout the project’s lifetime. Notably, $53 million of this revenue will be directly allocated to the school districts. WestRock’s share of the Chillingham Solar project will help it access approximately 200,000 MWh of clean energy per year.

WestRock’s recent virtual power purchase agreements with ENGIE North America mark a significant step forward in its sustainable endeavors. By contracting a total of 282 MW from ENGIE’s Bernard Creek and Chillingham Solar projects, WestRock is effectively reinforcing its commitment to reducing greenhouse gas emissions. Additionally, these agreements showcase WestRock’s dedication to supporting local communities, as exemplified by the significant economic benefits to Wharton County and the benefits for local school districts. With esteemed advisory services from Schneider Electric, WestRock is well-positioned to make a substantial impact in the renewable energy landscape.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.