ESG Telegraph
  • Home
  • Latest News
  • Environment
  • Companies
  • Investors
  • Governance
  • Markets
  • Social
  • Regulators
  • Sustainable Finance
Featured Posts
    • Latest News
    Britons expected to extend ‘pandemic trend’ of drinking more at home
    • August 18, 2022
    • Companies
    Adyen shares slide as fintech group misses estimates
    • August 18, 2022
    • Markets
    It’s time for Europe to ask Norway to cut the price of gas
    • August 18, 2022
    • Latest News
    Stocks slip after Fed minutes point to prolonged inflation fight
    • August 18, 2022
    • Latest News
    Fearless Woman: Take people as they are
    • August 18, 2022
Featured Categories
Belarussia
View Posts
Companies
View Posts
Energy
View Posts
Environment
View Posts
Food
View Posts
Governance
View Posts
Health
View Posts
Investors
View Posts
Latest News
View Posts
Markets
View Posts
Potash
View Posts
Regulators
View Posts
Russsia
View Posts
Social
View Posts
Supply Chain
View Posts
Sustainable Finance
View Posts
Technology
View Posts
Uncategorized
View Posts
ESG Telegraph ESG Telegraph
7K
9K
4K
1K
ESG Telegraph ESG Telegraph
  • Home
  • Latest News
  • Environment
  • Companies
  • Investors
  • Governance
  • Markets
  • Social
  • Regulators
  • Sustainable Finance
  • Sustainable Finance

Verizon Allocates Green Bond Proceeds to Fund Series of Renewable Energy Deals

  • January 24, 2022
  • Staff
Total
0
Shares
0
0
0

Telecom giant Verizon announced that it has entered a series of new Renewable Energy Purchase Agreements (REPAs), securing approximately 910 MW of energy from seven new solar and wind facilities currently under development.

The announcement follows the issuance in September last year by the company of $1 billion of green bonds, marking the third such offering by Verizon since 2019. According to the company, the proceeds from the most recent offering will be used to fund the newly announced deals.

The new renewable energy deals include four 15-year REPAs with Leeward Renewable Energy for 640 MW of capacity from projects in the Electric Reliability Council of Texas (ERCOT), Pennsylvania Jersey Maryland (PJM) Interconnection and California Independent System Operator (CAISO) regional markets, a 15-year REPA with Duke Energy Sustainable Solutions for an aggregate of 180 MW of capacity from a facility in the Midcontinent Independent System Operator (MISO) regional market, and two 15-year REPAs with Lightsource bp for an aggregate of 89.9 MW of capacity from facilities, located in the PJM Interconnection regional market.

Including the new REPAs, Verizon has now secured approximately 2.6 GW of projected renewable energy capacity in 20 deals since 2019, making the company one of the leading corporate buyers of renewable energy in the U.S., and positioning Verizon to achieve its sustainability goals to source or generate renewable energy equivalent to 50 percent of its total annual electrical consumption by 2025, and reach net zero operational emissions by 2035.

Matt Ellis, Executive Vice President and Chief Financial Officer at Verizon, said:

“We are proud to achieve this key milestone in the transition to renewable energy. These new agreements will be funded by our third $1 billion green bond, which we issued in September 2021, and are fundamental to the company’s ongoing efforts to be net zero in its operational emissions (scope 1 and 2) by 2035.”

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You May Also Like
Read More
  • Sustainable Finance

Alphabet Deploys $5.7 Billion from Largest-Ever Corporate Sustainability Bond

  • Staff
  • August 16, 2022
Read More
  • Sustainable Finance

CBRE Group Signs $3.5 Billion Facility Linked to Sustainability Goals

  • Staff
  • August 8, 2022
Read More
  • Sustainable Finance

HDFC Signs Largest-Ever Social Loan to Support Affordable Housing

  • Staff
  • August 8, 2022
Read More
  • Sustainable Finance

Standard Chartered Hires Google Sustainability Leader Kerry Constabile to Head Net Zero & Sustainability Strategy Teams

  • Staff
  • August 5, 2022
Read More
  • Sustainable Finance

Singapore Raises S$2.4 Billion in Inaugural Green Bond Offering

  • Staff
  • August 5, 2022
Read More
  • Sustainable Finance

Citi Launches Sustainable Deposit Solution in Asia Pacific

  • Staff
  • August 4, 2022
Read More
  • Sustainable Finance

Carlyle Launches Decarbonization-Linked Finance Program for Private Credit Market

  • Staff
  • August 2, 2022
Read More
  • Sustainable Finance

Singapore to Launch Inaugural Green Bond this Week

  • Staff
  • August 2, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Featured Posts
  • 1
    Britons expected to extend ‘pandemic trend’ of drinking more at home
    • August 18, 2022
  • 2
    Adyen shares slide as fintech group misses estimates
    • August 18, 2022
  • 3
    It’s time for Europe to ask Norway to cut the price of gas
    • August 18, 2022
  • 4
    Stocks slip after Fed minutes point to prolonged inflation fight
    • August 18, 2022
  • 5
    Fearless Woman: Take people as they are
    • August 18, 2022
Recent Posts
  • Goldman Sachs: D-Sol’s remix sounds a lot like the original
    • August 18, 2022
  • City of London regulators to face shake-up under Liz Truss
    • August 18, 2022
  • How South Korea learned to love private equity
    • August 18, 2022

Sign Up for Our Newsletters

Subscribe now to our newsletter

ESG Telegraph
  • Home
  • Privacy Policy
  • Guest Post
  • Contact

Input your search keywords and press Enter.