Deals

Johnson & Johnson Buying 100 Megawatts of Texas Wind Power

  • Company signed 12-year deal for half the output of EON project
  • J&J seeking to get 35% of electricity from renewables by 2020
Photographer: Eddie Seal/Bloomberg
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Johnson & Johnson, the world’s biggest maker of health-care products, agreed to buy 100 megawatts of capacity from a wind-power project in the Texas Panhandle.

The company signed a 12-year power purchase agreement to buy half the output from a 200-megawatt wind project being developed by EON SE, Jed Richardson, Johnson & Johnson’s global energy director, said in an interview.