Commercial, Solar - December 8, 2022
State Farm Inks Deal for Illinois Solar
State Farm will soon be covering the entire annual electricity use of its corporate headquarters, operations center and other facilities in Bloomington, Ill., with 50 MW of solar energy.
The insurance company completed a 12-year agreement with Constellation to purchase RECs from Swift Current Energy’s Double Black Diamond Solar Project through an initiative in which Constellation. The agreement will begin in January 2025, while the solar project should begin construction by the end of 2022.
Constellation currently has an agreement with Swift Current Energy which allows it to purchase a portion of the energy and RECs generated by Double Black Diamond.
Eight State Farm facilities will procure energy from the project, which is expected to reduce the company’s carbon footprint by nearly 74,000 annually.
“Being a good neighbor means caring about the communities we live and work in,” Jenny Greminger, vice president of Administrative Services and Public Affairs at State Farm, said in a statement. “That is why State Farm is committed to reducing overall impact on the environment and addressing climate change through efforts to lessen its carbon footprint, reduce waste and improve energy efficiency. Today’s announcement in Illinois is just another example of State Farm’s pledge to be a good neighbor.”
This agreement will support State Farm’s goal to achieve a 50% reduction in emissions by 2030.