Leeward Signs 15-Yr Renewable Energy Purchase Agreements with Verizon

Leeward Renewable Energy announced that it has entered into 15-year Renewable Energy Purchase Agreements (REPAs) with Verizon Communications, through which Verizon will purchase the energy generated from four of Leeward’s wind and solar projects.

January 21, 2022. By News Bureau

Leeward Renewable Energy announced that it has entered into 15-year Renewable Energy Purchase Agreements (REPAs) with Verizon Communications, through which Verizon will purchase the energy generated from four of Leeward’s wind and solar projects under development: Blackford County Wind, Horizon Solar, White Wing Ranch Solar projects, and an 80 MW wind project in development with details to come.

In aggregate, the Projects will have the capacity to generate up to 640 megawatts (MW) of reliable, clean energy, which will help Verizon achieve its goal to be net zero in its operational emissions (scope 1 and 2) by 2035.

Construction of all projects is expected to be completed by June 30, 2024, with each project also providing jobs and economic benefits to its surrounding community.

"Since 2019, Verizon has issued three $1 billion green bonds to support our climate strategy, including our expansive renewable energy initiatives," said James Gowen, Verizon's chief sustainability officer and senior vice president, global supply chain. "Through investments in clean energy solutions -- like these agreements with Leeward Renewable Energy -- Verizon is doing its part to green the U.S. energy grid."

Andrew Flanagan, Chief Development Officer at Leeward stated, “We are excited to expand our established relationship with Verizon, which speaks to Leeward’s strengths as a partner in helping our nation’s leading companies meet their sustainability goals. We are pleased to be recognized as a company that safely and successfully delivers reliable wind, solar and energy storage solutions to innovative companies across the country. We look forward to continue building on this momentum to achieve our vision of harnessing renewable energy to power the world.”
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