Tuesday 25 January 2022

Verizon Communications dials in four renewable energy PPAs

Verizon Communications has signed agreements to purchase electricity generated from four renewable energy projects.

The power purchase agreements (PPAs) with Leeward Renewable Energy will see the latter company provide green energy from its solar and wind projects that are currently under development.

They will generate up to 640MW of clean electricity in total, supporting Verizon's goal to achieve net zero emissions in its operations, i.e. Scope 1 and 2, by 2035.

James Gowen, Verizon's Chief Sustainability Officer and Senior Vice President, global supply chain said: “Since 2019, Verizon has issued three $1 billion [£0.7bn] green bonds to support our climate strategy, including our expansive renewable energy initiatives.

“Through investments in clean energy solutions - like these agreements with Leeward Renewable Energy - Verizon is doing its part to green the US energy grid.”

Verizon and Leeward have an existing partnership through previously signed renewable PPAs for the 196MW Big Plain and 100MW Oak Trail solar projects.