Lulumon Athletica Signs Power Purchase Agreement With Enel Green Power

by Shivani Kumaresan, Benzinga Staff Writer

September 15, 2021 12:27 PM | 1 min read |

Lulumon Athletica Inc LULU has signed a virtual power purchase agreement (VPPA) with Enel Green Power North America Inc, part of Enel S.p.A. 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.

Posted In: News Apparel, Accessories & Luxury Goods Briefs Consumer Discretionary

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.