Commercial, Sourcing Renewables, Wind - October 10, 2022
Verizon Signs PPA for North Carolina Project
Verizon Communications signed a long-term power purchase agreement with Leeward Renewable Energy.
Construction has started on Leeward’s Oak Trail Solar facility near Moyock, North Carolina and will sell the 100 MW of renewable energy generated at Oak Trail Solar to Verizon.
The project is expected to reach commercial operation by mid-2023.
"Verizon is committed to protecting our planet by supporting the production of renewable energy and the transition to a greener U.S. energy grid," said James Gowen, Verizon’s chief sustainability officer and senior vice president, global supply chain in a statement. "The renewable energy produced by the Oak Trail Solar project will help us achieve net zero emissions in our operations by 2035."
Oak Trail Solar will utilize First Solar photovoltaic solar modules, which use less energy, water and semiconductor material in their manufacturing and are designed to have a longer lifespan than other alternatives. As part of its commitment to land stewardship, LRE plans to utilize 30% of the project acreage to establish a pollinator habitat, planting native vegetation and wildflowers for screening to provide ecological benefits to the area.