Micron Inks 178-Megawatt Wind Power Agreement With Terra-Gen

Micron Technology Inc MU has signed a 15-year virtual power purchase agreement for its U.S. operations with Terra-Gen, a renewable energy developer.

Terra-Gen operates over 2.2 gigawatt-hours of wind, solar, and energy storage throughout the U.S. 

Micron will get roughly 178 megawatts (MW) of wind generation capacity and related renewable energy certificates each year under the terms of the agreement.

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"This partnership with Terra-Gen adds another utility-scale renewable energy project to our growing portfolio, supporting our goal to achieve 100% renewable energy in the U.S. by the end of 2025," commented Manish Bhatia, executive vice president of Global Operations at Micron.

When the project generates electricity for Micron, it is expected to avoid more than 280,000 metric tons of carbon dioxide equivalent (MTCO2e) emissions yearly.

Price Action: MU shares are trading lower by 3.50% at $64.70 on the last check Thursday.