Verizon has entered into virtual power purchase agreements with Clearway Energy Group and Invenergy that will help finance the construction of new wind and solar farms.
“We are committed to sourcing or generating renewable energy equal to at least 50% of our total annual electricity usage by 2025,” said James Gowen, Verizon’s chief sustainability officer and VP of supply chain operations. “The purchase agreements with Clearway and Invenergy will help us meet our commitment while increasing the supply of renewable energy to the power grids by almost 400 megawatts.”
The agreements add up to around 254 MW of capacity from two solar energy facilities being developed by Clearway in Texas, expected to become operational in 2023.
Verizon’s agreement with Invenergy supports the development of an additional 130 MW of renewable energy capacity at Invenergy’s Blooming Grove Wind Energy Center in Illinois. The facility is expected to be fully operational by the end of 2020.
News item from Verizon Communications
Tell Us What You Think!