Bank of America as well as Duke Energy Agree PPA for 25 MW Solar Energy

• Bank of America is partnering with Duke Energy to further broaden its renewable energy dedication by powering its Charlotte operations with solar power.

Bank of America has revealed today that it is partnering with Duke Energy to more expand its renewable energy commitment by powering its headquarters and also other Charlotte procedures with solar energy.

Via a renewable energy sleeved-power purchase arrangement (PPA), the business is participating in Duke Energy's Green Source Advantage (GSA) program. The bank is the first business and also financial institution to sign a 10-year arrangement for electricity as well as Green-e licensed renewable energy certificates (RECs) through this program.

The acquisition of a 25-megawatt (MWAC) solar project's electrical power output as well as RECs will cover 45 percent of Bank of America's power lots in the state. By taking part in Duke Energy's GSA program, Bank of America even more shows its dedication to decrease its operational effect on the atmosphere, consisting of being carbon neutral and also using 100 percent sustainable power across its global operations.

" These distinct projects and also partnerships build on our accomplishment of carbon nonpartisanship and also broaden our renewable resource commitment. By driving a lot more clean energy remedies in our centers, we are creating a wider lasting energy ecosystem to aid change our procedures as well as the communities where our employees work and also live," stated Andrew Plepler, global head of Environmental, Social as well as Governance at Bank of America. "These collaborations give the forefront of creative thinking as well as innovative remedies to resolve a transforming climate and also tidy energy accessibility."

This cutting-edge project will be constructed in the Piedmont region of North Carolina. It also adds additional clean energy to the grid, supports jobs as well as the neighborhood economic climate. The project will include the installation of a pollinator habitat bordering 70,000 photovoltaic panels, covering around 180 acres, as well as is expected to be online in 2022.

" We continue to look for brand-new and ingenious methods to deliver even more renewable resource to customers in North Carolina," said Stephen De May, Duke Energy's North Carolina president. "Customers want more adaptability and choices for renewable resource and the Green Source Advantage makes that occur."

Silver Pine Energy, a joint venture between Silver Creek Energy and North Carolina developer Pine Gate Renewables, will certainly oversee the advancement of the project as well as will certainly support the design, procurement and also building and construction solutions.