Commercial, Solar - July 14, 2022
PNC Bank Adds Solar
PNC Bank announced a long-term renewable supply agreement to power nearly 50% of its operations in Pennsylvania, Ohio, Maryland, New Jersey, Delaware, District of Columbia, and parts of Illinois with renewable electricity.
PNC Bank will receive approximately 148 million kilowatt hours of energy per year through its retail agreement with Constellation with that energy matched by Green-e® Energy Certified Renewable Energy Certificates (RECs) sourced from other renewable facilities located throughout the U.S.
“At PNC, we strive to be good stewards of the environment, not only because it is the right thing to do, but because it is essential to supporting a high quality of life for our employees, customers and communities,” said Kate Zettl, VP and Energy Manager with PNC Bank’s Realty Services in a statement. “This collaboration with Constellation is an exciting next step toward meeting our environmental goals of reaching 100% renewable purchased electricity by 2025 and reducing carbon emissions and energy use 75% by 2035.”
Backed by PNC Bank’s 15-year commitment, Constellation entered into a separate long-term PPA to procure 78 MW of energy from Mammoth Central, the third and final phase of Doral Renewables LLC’s Mammoth Solar project in Indiana. With an estimated capacity of 1.3 gigawatts, Mammoth Solar will be completed by the end of 2024.
The agreement will help PNC Bank reduce its carbon footprint by more than 55,000 metric tons.