Marks the fourth global wind development
supporting the company's renewable energy and carbon reduction
targets
WESTMINSTER, Colo., May 16, 2022
/PRNewswire/ -- Ball Corporation (NYSE: BALL) today announced it
has entered into a virtual power purchase agreement (VPPA) in which
Ball will purchase 151 megawatts of new wind energy from a
subsidiary of NextEra Energy Resources, LLC, the world's largest
generator of renewable energy from the wind and sun. The wind
energy center will be located in west Texas and Ball's portion of the project is
expected to produce 600,000 megawatt hours of clean energy
annually, enough to address the electricity load of nearly half of
Ball's North America manufacturing
facilities.
The wind energy center, which will be owned and operated by a
subsidiary of NextEra Energy Resources, will support Ball's
ambition to achieve its 2030 science-based targets and net-zero
emissions prior to 2050. The wind energy center is expected to
reduce Ball's global Scope 2 greenhouse gas emissions by
approximately 30%. That's equivalent to the carbon reduction of
removing 91,000 gasoline-powered passenger vehicles from the road
annually.
"At Ball, we believe progress requires transparency. As we grow
our business to meet the demand for infinitely recyclable aluminum
beverage packaging, we remain committed to our goals of cutting our
operational emissions and reducing the carbon footprint of our
aluminum packaging," said Dennis
Schuilenburg, Chief Commercial and Sustainability Officer at
Ball. "Our lifecycle analysis study shows that using renewable
electricity in can manufacturing can reduce the carbon footprint of
an aluminum beverage can by up to 18% which in turn helps our
customers with their sustainability goals."
The wind energy center adds to Ball's previous wind agreements
in the United States, Sweden and Spain where electricity produced from these
projects allowed the company to source 44% of its global
electricity demand in 2021 from renewables. Ball aims to obtain
100% renewable electricity globally by 2030, with an interim target
of 75% by 2025. With the addition of this wind energy Ball
estimates it will be 65% of the way there by 2024.
"We're pleased to work with Ball and it's great to see the
company incorporate wind energy as an important part of its
sustainability strategy," said Matt
Handel, senior vice president of development for NextEra
Energy Resources. "This wind energy center will also create
significant economic stimulus for the local community, creating
good jobs and additional tax revenue."
Construction on the wind energy center is underway and it is
expected to begin supplying power starting in 2023. Ball was
advised on the agreement by Schneider Electric Energy and
Sustainability Services, who assisted the company in its project
selection and negotiations.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum
packaging solutions for beverage, personal care and household
products for customers, as well as aerospace and other technologies
and services primarily for the U.S. government. Ball Corporation
and its subsidiaries employ 24,300 people worldwide and reported
2021 net sales of $13.8 billion. For
more information, visit www.ball.com, or connect with us on
Facebook or Twitter.
Forward-Looking Statements
This report contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," and similar expressions
typically identify forward-looking statements, which are generally
any statements other than statements of historical fact. Such
statements are based on current expectations or views of the future
and are subject to risks and uncertainties, which could cause
actual results or events to differ materially from those expressed
or implied. You should therefore not place undue reliance upon any
forward-looking statements and they should be read in conjunction
with, and qualified in their entirety by, the cautionary statements
referenced below. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Key factors,
risks and uncertainties that could cause actual outcomes and
results to be different are summarized in filings with the
Securities and Exchange Commission, including Exhibit 99 in our
Form 10-K, which are available on our website and at www.sec.gov.
Additional factors that might affect: a) our packaging segments
include product capacity, supply, and demand constraints and
fluctuations and changes in consumption patterns; availability/cost
of raw materials, equipment, and logistics; competitive packaging,
pricing and substitution; changes in climate and weather; footprint
adjustments and other manufacturing changes, including the startup
of new facilities and lines; failure to achieve synergies,
productivity improvements or cost reductions; unfavorable mandatory
deposit or packaging laws; customer and supplier consolidation;
power and supply chain interruptions; changes in major customer or
supplier contracts or loss of a major customer or supplier;
inability to pass through increased costs; war, political
instability and sanctions, including relating to the situation in
Russia and Ukraine and its impact on our supply chain and
our ability to operate in Russia
and the EMEA region generally; changes in foreign exchange or tax
rates; and tariffs, trade actions, or other governmental actions,
including business restrictions and shelter-in-place orders in any
country or jurisdiction affecting goods produced by us or in our
supply chain, including imported raw materials; b) our aerospace
segment include funding, authorization, availability and returns of
government and commercial contracts; and delays, extensions and
technical uncertainties affecting segment contracts; c) the Company
as a whole include those listed above plus: the extent to which
sustainability-related opportunities arise and can be capitalized
upon; changes in senior management, succession, and the ability to
attract and retain skilled labor; regulatory actions or issues
including those related to tax, ESG reporting, competition,
environmental, health and workplace safety, including U.S. FDA and
other actions or public concerns affecting products filled in our
containers, or chemicals or substances used in raw materials or in
the manufacturing process; technological developments and
innovations; the ability to manage cyber threats; litigation;
strikes; disease; pandemic; labor cost changes; inflation; rates of
return on assets of the Company's defined benefit retirement plans;
pension changes; uncertainties surrounding geopolitical events and
governmental policies, including policies, orders, and actions
related to COVID-19; reduced cash flow; interest rates affecting
our debt; and successful or unsuccessful joint ventures,
acquisitions and divestitures, including the announced sale of our
Russian business, and their effects on our operating results and
business generally.
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SOURCE Ball Corporation