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Verizon Nearly Doubles Renewable Energy Purchase Agreements


Verizon Nearly Doubles Renewable Energy Purchase Agreements
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Home » Verizon Nearly Doubles Renewable Energy Purchase Agreements
Verizon announced today that it had made six long-term renewable energy purchase agreements (REPAs) since September, making the company one of the largest corporate REPA buyers in the country. The agreements are for 845 megawatts (MW) of renewable energy.
The company has purchased 1.7 gigawatts of renewable energy since December 2019, and nearly half of those purchases were made in just the four months since September 2020.
Solar is also part of Verizon’s renewable energy plan. The latest REPAs are designed to help the carrier finance six new solar facilities that are under development and are part of the company’s efforts to reach carbon neutrality in its operations (scope 1 and 2) by 2035. ....

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Verizon chalks up 13 more renewable energy agreements


Jan 28, 2021 12:16pm
Verizon lays claim to being one of the largest corporate buyers of U.S. renewable energy after notching 13 long-term renewable energy purchase agreements (REPAs). (Getty Images)
Verizon is laying claim to being one of the largest corporate buyers of U.S. renewable energy after notching 13 long-term renewable energy purchase agreements (REPAs).
The REPAs accounted for nearly 1.7 gigawatts (GW) of renewable energy capacity since December 2019, including six REPAs relating to 845 megawatts (MW) of renewable energy capacity since September of last year.
The six new agreements, like the earlier REPAs, were virtual power purchase agreements and are expected to help finance the powering of six new solar facilities that are under development. ....

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