- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text=Novartis Announces US Renewables Agreement to Reduce Greenhouse Gas Emissions https://www.3blmedia.com/markdownify/node/204091?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/204091?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/204091?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject=Novartis Announces US Renewables Agreement to Reduce Greenhouse Gas Emissions &body=ESG News from Novartis https://www.3blmedia.com/markdownify/node/204091?absolute=1 "Share via email") [Environment](/CSR-News/environment-0) # Novartis Announces US Renewables Agreement to Reduce Greenhouse Gas Emissions ##### Agreement expected to reduce Novartis greenhouse gas emissions by more than 220,000 metric tons per year, equivalent to removing more than 48,000 passenger vehicles from the road each year Aug 2, 2018 8:50 AM ET EAST HANOVER, NJ, August 2, 2018 /3BL Media/– Novartis announced today a Virtual Power Purchase Agreement (VPPA) in collaboration with Invenergy, North America’s largest privately held renewable energy company. As part of the Novartis environmental strategy, the initiative aims to add 100 megawatts (MW) of wind power to the electrical grid. Under the agreement, the electricity will be generated from Invenergy’s Santa Rita East wind farm, located 70 miles west of San Angelo, Texas and is expected to be online in 2019. During the construction phase, the wind farm could create up to 300 jobs and 12-15 permanent jobs once operational. “At Novartis, we take our responsibility toward environmental sustainability seriously and it is important for our organization to meet our sustainability goals,” said Karen Coyne, Global Head of Environment at Novartis. “This agreement is in line with our sustainability strategy and is expected to help us reduce our carbon footprint, constrain costs and increase adoption of renewable energy." In line with its ongoing global sustainability strategy, Novartis collaborates to create virtual power purchase agreements, power purchase agreements and procurement options for green power solutions. Energy efficiency is the cornerstone of reducing the company’s carbon footprint while also pursuing renewables initiatives in multiple markets. The VPPA is expected to deliver 100 MW of new wind power capacity to the Electric Reliability Council of Texas (ERCOT) that operates the electric grid and manages the deregulated market for 75% of the state. The 12-year agreement is expected to reduce Novartis greenhouse gas emissions by more than 220,000 metric tons per year through the issuance of renewable energy attributes that Novartis will use to account and report on its greenhouse gas Scope 2 emissions. This equates to removing more than 48,000 passenger vehicles from the road on an annual basis1 and represents over 70% of the Novartis carbon footprint from purchased electricity in the US market. “We’re excited to collaborate with Novartis and applaud their commitment to environmentally and economically responsible operations,” said Jim Shield, Executive Vice President & Chief Commercial Officer at Invenergy. Jay Zoellner, CEO of Edison Energy, commented that “we’re proud to have collaborated with Novartis to find a project that supported their vision of improving their bottom line while supporting their sustainability goals.” Edison Energy conducted a competitive project solicitation as the buyer’s agent for Novartis and supported the financial analysis to support the project’s long-term success. **Disclaimer** This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as “to reduce,” “expected,” “goals,” “strategy,” “aims,” “vision,” “excited,” “commitment,” “potential,” “will,” or similar terms, or by express or implied discussions regarding potential renewable energy production and reduction of greenhouse gas emissions from the Virtual Power Purchase Agreement, power purchase agreements and other initiatives for green power procurement described in this press release, or regarding potential future cost containment from such agreements and initiatives. You should not place undue reliance on these statements. Such forward-looking statements are based on our current beliefs and expectations regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. There can be no guarantee that the Virtual Power Purchase Agreement, power purchase agreements and other initiatives for green power procurement described in this press release will in fact increase the use of renewable energy by Novartis or reduce the greenhouse gas emissions of Novartis, or in any particular time frame. Nor can there be any guarantee that such agreements and initiatives will be commercially successful or contain costs in the future. In particular, our expectations regarding such agreements and initiatives could be affected by, among other things, the uncertainties inherent in relevant energy markets, including the price and availability of renewable energy; the ability of Invenergy to complete its Santa Rita East wind farm on time, or at all; regulatory actions or delays or government regulation generally; general political and economic conditions; potential or actual data security and data privacy breaches, or disruptions of our information technology systems, and other risks and factors referred to in Novartis AG’s current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise. **About Novartis** Located in East Hanover, NJ Novartis Pharmaceuticals Corporation is an affiliate of Novartis which provides innovative healthcare solutions that address the evolving needs of patients and societies. Headquartered in Basel, Switzerland, Novartis offers a diversified portfolio to best meet these needs: innovative medicines, cost-saving generic and biosimilar pharmaceuticals and eye care. Novartis has leading positions globally in each of these areas. In 2017, the Group achieved net sales of USD 49.1 billion, while R&D throughout the Group amounted to approximately USD 9.0 billion. Novartis Group companies employ approximately 125,000 full-time-equivalent associates. Novartis products are sold in approximately 155 countries around the world. For more information, please visit [http://www.novartis.com](http://www.novartis.com/). Novartis is on Twitter. Sign up to follow @Novartis at For Novartis multimedia content, please visit [www.novartis.com/news/media-library](http://www.novartis.com/news/media-library) For questions about the site or required registration, please contact media.relations@novartis.com **References** 1\. \# # # **Novartis Media Relations** Central media line: +41 61 324 2200 E-mail: media.relations@novartis.com Katerina Kontzalis Head, CR Communications & Advocacy +41 61 324 1631 (direct) +41 79 797 8393 (mobile) katerina.kontzalis@novartis.com Sofina Mirza-Reid Novartis Media Relations +1 862 778 0476 (direct) +1 201 396 4605 (mobile) sofina.mirza-reid@novartis.com **Novartis Investor Relations** Central investor relations line: +41 61 324 7944 E-mail: investor.relations@novartis.com Central North America Samir Shah +41 61 324 7944 Richard Pulik +1 212 830 2448 Pierre-Michel Bringer +41 61 324 1065 Cory Twining +1 212 830 2417 Thomas Hungerbuehler +41 61 324 8425 Isabella Zinck +41 61 324 7188 [![Novartis logo](/sites/default/files/Clients/novartis_logo_012919.jpg)](/profiles/novartis) ### More from Novartis ###### [Energize – A First-of-Its-Kind Program to Increase Access to Renewable Energy for Pharmaceutical Suppliers](/news/energize-first-its-kind-program-increase-access-renewable-energy-pharmaceutical-suppliers) Nov 4, 2021 6:00 AM ET ###### [Novartis and Medicines for Malaria Venture Report Positive Results for Phase 2b Study of Novel Ganaplacide/Lumefantrine Combination in Children With Malaria](/news/novartis-and-medicines-malaria-venture-report-positive-results-phase-2b-study-novel) Sep 29, 2021 3:00 PM ET ###### [Together Against Child Mortality: Novartis and Save the Children Launch Health Project in the Slums of Nairobi](/news/together-against-child-mortality-novartis-and-save-children-launch-health-project-slums-nairobi) Aug 2, 2021 9:00 AM ET ###### [Novartis Pledges 10-year Commitment With Morehouse School of Medicine, 26 Historically Black Colleges, Universities, Medical Schools and Other Leading Organizations to Co-create Effective, Measurable Solutions for Health Equity](/news/novartis-pledges-10-year-commitment-morehouse-school-medicine-26-historically-black) Jul 20, 2021 8:15 AM ET ###### [Novartis and Hewlett Packard Enterprise Join Forces to Advance Novartis Global Health Efforts](/news/novartis-and-hewlett-packard-enterprise-join-forces-advance-novartis-global-health-efforts) Jun 23, 2021 12:10 PM ET ###### [Novartis Reaches Milestone Delivery of 1 Billion Courses of Antimalarial Treatment](/news/novartis-reaches-milestone-delivery-1-billion-courses-antimalarial-treatment) May 18, 2021 2:15 AM ET ###### [Novartis Inaugurates Innovative Watershed Project in India to Increase Water Availability](/news/novartis-inaugurates-innovative-watershed-project-india-increase-water-availability) Mar 22, 2021 10:30 AM ET ###### [Novartis and the Bill & Melinda Gates Foundation Collaborate to Discover and Develop an Accessible in Vivo Gene Therapy for Sickle Cell Disease](/news/novartis-and-bill-melinda-gates-foundation-collaborate-discover-and-develop-accessible-vivo) Feb 17, 2021 1:15 AM ET