Dow Chemical Agrees to Buy 200 Megawatts From Wind Farm in Texas

(Bloomberg) — Dow Chemical Co., the largest U.S. chemical
maker by sales, has agreed to buy 200 megawatts of capacity from
a wind farm under development in Texas.

A subsidiary of Bordas Wind Energy LLC is building the wind
farm, which is expected to be completed in the first quarter of
next year, Midland, Michigan-based Dow said Friday in a
statement. The project, which will span almost 35,000 acres,
will supply Dow’s Freeport, Texas, manufacturing facility. Terms
weren’t disclosed.

“By entering into this agreement, Dow is taking a serious
approach to our future energy needs in Texas and cost-competitive wind energy is a great opportunity,” Jim Fitterling, vice chairman of business operations at Dow, said in
the statement.

Dow is seeking to increase its use of renewable power to
400 megawatts by 2025. About 900 megawatts of wind capacity will
be built this year in the U.S. as almost 60 gigawatts of onshore
wind power is installed globally, according to data compiled by
Bloomberg New Energy Finance.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Jim Efstathiou Jr., Robin Saponar

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