The cruise line’s sustainability efforts receive a gust of wind power with support from Southern Power and Schneider Electric
It’s breezy in the islands, but windy in Kansas.
So Royal Caribbean Cruises is turning to the landlocked Midwest for a renewable energy retreat.
The company recently announced a power purchase agreement (PPA) with Southern Power for carbon offsets from the 200-megawatt Reading Wind Facility, located in Osage and Lyon Counties, Kansas.
This initiative is the latest addition to the company’s extensive sustainability efforts, which include programs to reduce greenhouse gas emissions through innovations at sea and in port.
Schneider Electric Energy & Sustainability Services advised Royal Caribbean on the development and execution of the deal.
“This agreement complements our longstanding strategic initiatives to reduce the company’s emissions and become a more sustainable operator,” said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd. “We are constantly looking for new ways to reduce our environmental footprint, both in the short and long term.”
The Reading PPA is uniquely validated as a carbon offset project under the Verified Carbon Standard. And it is expected to generate roughly 760,000 megawatt-hours per year over the duration of the 12-year agreement, which translates to enough clean energy to offset 10-12 percent of Royal Caribbean’s annual carbon emissions. With this novel approach, Royal Caribbean can address its Scope 1 emissions while continuing initiatives to advance sustainability efforts across the company’s fleet.
Royal Caribbean has a longstanding commitment to environmental stewardship, which the company expanded in 2016 to set ambitious and measurable goals to reduce its environmental footprint. It is also employing several technologies and innovations to reduce greenhouse gas emissions and create more efficient vessels, in addition to the agreement with Southern Power.
Corporate purchasing of clean power has seen a serious uptick in the past several years in markets around the world. According to Bloomberg New Energy Finance, companies have contracted for 8.7 gigawatts (GW) of clean energy to date in 2018. Just five years ago, this number topped out at 1 GW. With this new commitment, Royal Caribbean has joined the ranks of businesses working toward a better future, with renewable energy procurement as a key strategy.
Looking to set or achieve renewable energy goals? Find out how: Accelerate Your Energy Strategy with Power Purchase Agreements.