Constellation and Enel Green Power Sign Energy Deal with Starbucks

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Posted: Tuesday, December 4, 2018 8:49 pm

CHICAGO, Ill. -- Constellation, an Exelon company, has signed a long-term agreement with Starbucks to power more than 340 company-operated Illinois stores with 100 percent renewable energy produced by Enel Green Power North America, Inc.'s HillTopper wind project in Logan County, Ill. The deal is made possible by a separate long-term agreement between Enel and Constellation under which Constellation will purchase a 14 MW portion of the energy generated by HillTopper.

"It’s exciting to see Starbucks continue its commitment to play a role in the growth of renewable energy markets," said Rebecca Zimmer, director of global environmental impact for Starbucks. "We are identifying and investing in new green power projects that are close to our retail communities and give our store partners a story they can be proud of."

The agreements reinforce Starbucks’ commitment to greening its operations through energy and water conservation measures and advancing renewable energy sources through its purchasing practices and will enable Starbucks to support the generation of approximately 48,000 MWh of wind power from EGP’s HillTopper wind project, enough to brew nearly 100 million cups of coffee, or more than seven cups of coffee for every Illinois resident. It will deliver an annual environmental benefit equivalent to removing nearly 8,000 passenger vehicles from the road.

"Constellation is dedicated to providing clean energy solutions that help our customers meet their environmental goals," said Mark Huston, president of Constellation’s national retail business. "Starbucks is among the nation’s top purchasers of renewable electricity and it is fitting that they chose Constellation to sustainably power hundreds of their Illinois locations."

The agreement leverages the Constellation Offsite Renewables offering, which increases access to renewable energy for commercial and industrial customers, enabling Starbucks to contribute to the development of HillTopper in Illinois, where the stores are located.

"An increasing number of commercial and industrial customers are choosing renewables as a competitive and clean way to meet their energy needs and they look for customized solutions addressing their specific energy profile," said Georgios Papadimitriou, head of Enel Green Power North America. "The agreement with Constellation is an example of an innovative approach we are taking to meet the needs of these commercial and industrial customers to enable them to achieve their sustainability targets in a cost-effective way."

The HillTopper wind farm, is expected to enter into service by the end of 2018. The facility will have a total capacity of 185 MW and, once fully operational, will be able to generate around 570 GWh of electricity annually. Investment in the construction of HillTopper amounts to approximately $325 million.

Edison Energy provided renewable energy market access, project due diligence and customer education to support the transaction process.

SOURCE: Constellation

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