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Lulumon Athletica Signs Power Purchase Agreement With Enel Green Power

Lulumon Athletica Inc (NASDAQ:LULU) has signed a virtual power purchase agreement (VPPA) with Enel Green Power North America Inc, part of Enel S.p.A. (OTC:ENLAY)…
byShivani Kumaresan
September 15, 2021
1 minute read
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  • Lulumon Athletica Inc (NASDAQ:LULU) has signed a virtual power purchase agreement (VPPA) with Enel Green Power North America Inc, part of Enel S.p.A. (OTC:ENLAY)
  • The agreement will enable the apparel company to source 100% renewable electricity across its direct operations in North America by 2021.
  • Through the VPPA, lululemon will purchase the electricity delivered to the grid by a 15 MW portion of Enel Green Power’s North America Azure Sky Wind Project in Texas.
  • The agreement is lululemon’s first renewable energy VPPA.
  • Price Action: LULU shares are trading lower by 0.74% at $417.40 on the last check Wednesday.
 
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