Monday 6 September 2021

Clearloop breaks ground on ‘first’ US solar farm financed by carbon offsets

Clearloop has celebrated the groundbreaking of its solar farm, claimed to be the first utility-scale project of its kind in the US directly financed by carbon offsets.

The 1MW Jackson solar project in Tennessee will generate enough electricity to power around 200 homes.

Clearloop, claimed to the first US company cleaning up the grid by directly tying a brand's financial commitment to cut emissions to the construction of new solar power infrastructure, is working with businesses to reclaim their carbon footprint by expanding access to clean energy.

The solar farm, which will reclaim 60 million pounds of carbon, will be financed by companies including Vista Equity Partners, Coolperx, Impact Snacks, Hello Bello and Aether Diamonds,

Laura Zapata, Clearloop Co-Founder & CEO said: “This solar project is the first utility-connected project in the United States directly financed by corporate carbon offsets, expanding equitable access to clean energy in communities getting left behind.

“If we're going to meet our ambitious climate goals, we need to add more tools in the toolbox for companies of all sizes that want to cut their carbon footprint, accelerate the clean energy transition and directly clean up the grid.”