Sourcing Renewables | Page 197

Solar and wind purchases by some of the nation’s largest commercial and industrial (C&I) entities set a new record in 2018 and the activity is continuing to advance.

Denver-based Ardent Mills, a flour-milling and ingredient company, has finalized a 25-year agreement with US Solar to purchase an expected 1.8 million kWh annually. This energy partnership is a subscription plan that will reduce energy costs at the company’s Hastings Mill, the first operating mill in Minnesota.

Iron Mountain Incorporated, the storage and information management company, has expanded its Phoenix data center campus with a second enterprise-class data center facility, AZP-2, powered entirely with renewable energy (RE).

Kroger’s retail group surpassed its goal to achieve 40% electricity savings ahead of schedule, reaching a 44.9% savings in 2018 and saving more than 2 billion kWh in its stores since 2000.

Owens Corning has completed the issuance of its inaugural green bond, This $450 million bond is payable over 10 years at a coupon rate of 3.95%. In conjunction with the bond, the company has committed to spend $445 million on eligible sustainability projects.