Verizon has entered into a power purchase agreement (VPPA) with Lightsource bp that will enable construction of a new 152.5 megawatt ac solar farm in Indiana.
The Bellflower solar farm, located about 40 miles east of Indianapolis in Henry and Rush Counties, is expected to become operational in 2022.
“Through their corporate sustainability commitment, Verizon is spurring development of clean and affordable energy sources in the U.S. that benefit us all,” said Kevin Smith, CEO of Lightsource bp in the Americas. “Working together, we’re reducing carbon emissions from electricity generation for the overall grid while delivering substantial local economic benefits. Adding initiatives to enhance local biodiversity further multiplies solar’s contribution to preserving our planet for future generations.”
“Last year, Verizon issued its second $1 billion green bond, which will be used to fund long-term renewable energy purchase agreements – including this agreement with Lightsource bp – that support the construction of solar and wind facilities. These facilities will bring new renewable energy to the grids that power our networks,” said James Gowen, Verizon’s chief sustainability officer and vice president, supply chain operations. “Verizon is committed to supporting the transition to a greener grid by making substantial investments in renewable energy.”
