Bank of America inks 160MW PPA in Indiana

Jun 24, 2022 09:15 PM ET
  • Electrical energy and RECs will certainly originate from the Mammoth Central PV project when operational in late 2024
Bank of America inks 160MW PPA in Indiana
Image: Sungrow/EMEA/Unsplash

Bank of America has actually signed a 15-year, 160MW arrangement with Constellation Energy to purchase electrical power as well as renewable energy certificates (RECs) from the Mammoth Central PV project in the US state of Indiana.

The contract will assist Bank of America power about 17% of its international electrical energy consumption with clean energy from a part of Mammoth Central project, the 3rd and also final stage of the more comprehensive Mammoth Solar center.

Massive Central is presently being established by Doral Renewables in Starke and also Pulaski areas in Indiana.

Bank of America will certainly receive renewable energy and RECs from Mammoth Central as part of its retail electrical energy supply contract with Constellation, which covers areas in Delaware, Pennsylvania and also Virginia.

The agreement will begin when construction has actually been completed and the project comes to be functional, which is anticipated in late 2024.

Bank of America international environmental executive Alex Liftman stated: "Supporting utility-scale solar energy projects similar to this one shows our strong commitment to net zero prior to 2050.

" This initiative will enable us to reduce our operational influence on the atmosphere and also aid drive even more renewable resource growth in our neighborhood areas.

" It is critical that we increase the low-carbon shift by establishing and releasing even more low-carbon remedies, including a sustainable electric grid."

Constellation principal industrial police officer Jim McHugh said: "Via this acquisition, Bank of America is demonstrating its commitment to resolving the climate crisis by straight supporting the development of a new-build renewable resource asset.

" We're focused on expanding our suite of sustainable power alternatives, which will certainly quickly include a hourly carbon-free option, to aid our clients reach their net zero emissions goals."

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