April 1 (Renewables Now) – Media and know-how large Comcast Corp (NASDAQ:CMCSA) has signed a contract with Constellation Vitality Corp (NASDAQ:CEG) to purchase sufficient solar energy to cowl the electrical energy demand of 12% of its US operations.
The broadband, aggregation and streaming specialist has agreed to supply the actual quantity of electrical energy from the 300-MW Blue Sky photo voltaic undertaking that’s at the moment being developed by Scout Clear Vitality in Illinois.
Extra particularly, Constellation has agreed to buy energy and project-specific renewable vitality certificates (RECs) equal to a 250-MW share of the photo voltaic park after which promote them to Comcast beneath a separate 15-year deal starting in 2025. The undertaking itself is anticipated to be accomplished by December 2024.
The deal will assist Comcast decrease the carbon dioxide (CO2) emissions related to its vitality use by nearly 360,000 metric tonnes a yr. The proprietor of NBCUniversal and Sky goals to change into carbon impartial by 2035 for Scope 1 and a pair of emissions.
“This marks the primary of many main inexperienced investments which are already underway or on the instant horizon which show our dedication to sustainable, accountable enterprise,” stated Peter Kiriacoulacos, Govt Vice President and Chief Procurement Officer at Comcast.
The corporate’s technique shall be to safe inexperienced tariffs, direct energy buy agreements (PPAs) and digital PPAs, whereas additionally constructing onsite renewable vitality crops and buying RECs generated by present amenities.