HOUSTON--(EON: Enhanced Online News)--Renewable Power Direct, LLC (RPD) announced a new renewable supply transaction with Intuit Inc. (Nasdaq: INTU). Intuit has expanded its commitment to renewable energy and moving to 100 percent renewable supply for its Mountain View, California, global headquarters.
“This transaction with Leeward Energy, Just Energy and Renewable Power Direct is the perfect complement to our onsite solar projects and completes the process of making our Mountain View headquarters a showcase for our commitment to renewable energy”
The new transaction provides locally produced CAT 1 energy from Leeward Energy’s Buena Vista Wind Farm in Byron, California. The 38 megawatt Buena Vista facility is located within 60 miles of Intuit’s Mountain View headquarters.
The innovative structure put together by RPD creates an auditable contract and scheduling path from the generator to Intuit’s headquarters. The physical power will be supplied by the PG&E distribution system, but each megawatt-hour consumed by Intuit will be supported by physical renewable wind power from Buena Vista and the associated concurrent renewable energy credits.
Just Energy, and its Commerce Energy subsidiary, will provide wholesale and retail services to Intuit under an eight-year structure.
“This transaction with Leeward Energy, Just Energy and Renewable Power Direct is the perfect complement to our onsite solar projects and completes the process of making our Mountain View headquarters a showcase for our commitment to renewable energy,” said Sean Kinghorn, Intuit's senior sustainability program manager.
“The renewable energy supply solution for Intuit met some very stringent requirements and is the result of a team effort between RPD and its strategic partners, and Jones Lang LaSalle, acting as Intuit’s advisor. Most important, our solution met Intuit’s objectives,” said Mark Mancino, vice president of sales for RPD. “RPD bridges the gap between renewable energy production and customers by using its market expertise to source the right solution and partners to close this type of transaction. We are pleased that Intuit is now a repeat customer.”
About Renewable Power Direct, LLC
Renewable Power Direct, LLC is a FERC authorized wholesale power marketer that specializes in supplying directly sourced renewable electricity to commercial and industrial consumers. Based in Washington, D.C., the company was founded to make it easy for businesses to procure renewable power without having to make expensive on-site investments in new facilities or be locked into long-term purchase contracts for off-site generation. www.renewablepowerdirect.com.
About Leeward Energy
Dallas-based Leeward Renewable Energy, LLC is a growth-oriented limited partnership formed to own, operate, develop and acquire a diversified portfolio of renewable energy assets. Leeward maintains ownership and operating interests in 18 wind farms comprising 1,557 megawatts across the United States. For more information about Leeward Renewable Energy, LLC, visit www.leewardenergy.com.
About Just Energy Group Inc.
Established in 1997, Just Energy (NYSE:JE, TSX:JE) is a leading retail energy provider specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options. With offices located across the United States, Canada, Germany, and the United Kingdom, Just Energy serves approximately two million residential and commercial customers providing homes and businesses with a broad range of energy solutions that deliver comfort, convenience and control. Just Energy Group Inc. is the parent company of Amigo Energy, Commerce Energy, Green Star Energy, Hudson Energy, Just Energy Solar, Tara Energy and TerraPass. Visit justenergygroup.com to learn more. Also, find us on Facebook and follow us on Twitter.