Bank of America Indicators An Additional Solar Offer, This Time in Texas

• Bank of America has actually introduced today its first 10-year structured renewable resource agreement with Reliant for solar energy in Texas.

Bank of America has actually introduced today its very first 10-year organized renewable resource contract for solar power in Texas. In collaboration with Reliant, an NRG Energy company, the deal will certainly add to Bank of America's dedication to acquire 100 percent of electrical energy from renewable sources and builds on the company's carbon-neutral initiatives.

The project will offer power with the Electric Reliability Council of Texas (ERCOT) region to 345 centers, that include office websites, monetary facilities as well as ATMs. The bank will receive both power and Green-e-certified renewable resource certifications (RECs).

" Supporting utility-scale solar energy projects such as this builds on our dedication to responsible development and also decreases our functional influence on the setting," claimed Andrew Plepler, international head of Environmental, Social as well as Governance at Bank of America. "By applying brand-new and also cutting-edge renewable resource structures, we demonstrate our strong dedication to carbon neutrality, safe and secure stable sustainable electricity at a favourable expense, and also offer an economic and environmental benefit to the communities where we work and live."

The agreement will supply 160,000 megawatt-hours (MWh) of power to Bank of America's Texas procedures annually. The project will be found in west-central Texas and is anticipated to be operational in mid-2022. During, the bank's Texas facilities will certainly receive power and Green-e ®-accredited RECs from various other renewable energy projects contracted by NRG.

Just recently, we had actually reported that the Bank had authorized a power acquisition arrangement with Duke Energy to more increase its renewable energy commitment by powering its headquarters and also other Charlotte procedures with solar energy.

Via a renewable resource sleeved-power purchase contract (PPA), the business is taking part in Duke Energy's Green Source Advantage (GSA) program. The bank is the first firm and banks to authorize a 10-year arrangement for electrical energy and also Green-e certified renewable resource certifications (RECs) with this program.

The purchase of a 25-megawatt (MWAC) solar project's electrical energy output and RECs will certainly cover 45 percent of Bank of America's electrical energy lots in the state.