Verizon Signs Four New Renewable Energy Purchase Agreements

Verizon Communications Inc. today announced that it has entered into four more long-term renewable energy purchase agreements (REPAs) totaling more than 450 megawatts (MW) of renewable energy capacity as part of its commitment to be carbon neutral in its operations (scope 1 and 2) by 2035. These agreements, which are virtual power purchase agreements, will help finance the re-powering of wind energy facilities and the construction of new solar facilities.

Verizon entered into two REPAs with Brookfield Renewable for an aggregate of up to 160 MW of capacity at two wind energy facilities that are being repowered. The wind energy facilities are located in New York where Verizon has significant energy usage, and the repowered facilities are expected to be fully operational in 2021.... ... More: Official Press Release Verizon

Keywords:

Verizon, communication, USA, renewable energy, PPA, REPA, megawatts, virtual PPA, wind energy, wind farm, solar