Gap Inc will be provided with clean energy generated at Enel’s Aurora Wind Project for the next 12 years. The firm will be supplied with 374GWh each year, the carbon equivalent of removing 60,000 passenger cars from the road annually.
The clothing retailer will use the deal to reduce its carbon emissions by 50% by 2020 from 2015 levels.
Gap Inc has set a goal to reach 100% renewable energy across its globally-owned and operated facilities by 2030. The firm operates 3,300 stores worldwide.
However, the deal will enable the supply of clean energy adequate to power over 1,500 retail stores.
The agreement provides benefits both to the local grid by adding new clean generation, while also stabilizing operating costs for Gap Inc. in the face of fluctuating energy prices.
The deal is Gap Inc’s third renewable energy contract and has plans to setting a Science Based Target following being named as one of the 43 founding signatories of the UN’s Fashion Industry Charter for Climate Action to step up the industry’s collaboration towards a cleaner, low-carbon future.
Gap Inc was advised on this deal by Schneider Electric Energy & Sustainability Services.