International bank group JP Morgan Chase, which has more than 5,500 properties in over 60 countries, has set a target to rely exclusively on renewables for its energy needs by 2020, announced the company.
To reach its goal, the bank will enter several power purchase agreements and will optimize the energy efficiency of its offices and buildings. Accompanying the news of JP Morgan's new green ambitions the bank also reveals a power purchase agreement with NRD Energy for power from the 100 MW wind farm Buckthorn, in Texas, USA. The farm will be ready at the end of 2017.
Besides installing solar panels on buildings and properties, the bank will also reduce its electricity consumption for light by 50 percent by acquiring 1.4 million LED bulbs.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Machinists merge to accommodate heavier wind sector demands
Three machine manufacturers in northern Denmark merged this weekend into a single company, Sterke, in a move intended to gather competencies to serve the wind industry, both at home and abroad, says new director.
Tulsi Tanti dead at 64
Indian wind turbine Suzlon’s founder has passed away after suffering a heart attack.
Equinor takes FID to build UK battery storage
The Norwegian oil company has committed to building a British grid-scale battery, also marking the group’s first project in a new strategic partnership with Noriker Power.
EU still divided on capping Russian gas prices
The EU Commission warns that a general cap on gas prices risks skewing the market and impacting gas supply.
UK to order special ships for guarding subsea infrastructure
Ruptured gas pipelines Nord Steam 1 and 2 show that underwater infrastructure is vulnerable to attack, says British minister.
IT Specialist 
Mechanical engineer for green gas projects 
Economist for building the energy infrastructure of the future 
EPC Project Manager 
Director of VEKS 
Construction Manager for offshore wind turbine projects 
Strategy Manager 
Hydrogen Deal Structurer 
Project manager for future energy production 
AgriFoodTure: Entrepreneurial and Innovative Mission Director 
Business Developer 
Do you want to make Denmark's largest energy and telecommunications group even greener?