Two New Carbon Offset Projects Announced by Clearloop

Cleantech startup Clearloop, acquired by Silicon Ranch, announced that companies of all sizes will now have the chance to mitigate their carbon footprint by investing in the first two solar ranches in Panola County, Mississippi.

May 12, 2022. By News Bureau

Cleantech startup Clearloop, acquired by Silicon Ranch, announced that companies of all sizes will now have the chance to mitigate their carbon footprint by investing in the first two solar ranches in Panola County, Mississippi.

The company is joining hands with Tallahatchie Valley Electric Power Association (TVEPA) to offer greater access to clean energy by focusing corporate offset investments on the construction of nearly 10 million watts of new solar.

The partnership will help enhance access to locally generated green energy across the county for the first time ever while ensuring a cost-effective, steady price that TVEPA’s members have come to expect. 

The aim is to fund nearly 10 million watts by the year-end in order to break ground in 2023 and have a brand-new live project by 2024. These projects are expected to help power approximately 2,000 homes in the Appalachian Foothills and the Mississippi Delta community.

“We created Clearloop for companies of all sizes to tackle their carbon footprint by expanding access to clean energy right here at home,” said Clearloop co-founder and CEO Laura Zapata. “This work would not be possible without the partnership of communities where the dollar invested in clean infrastructure can go further as an economic development tool. That’s why we’re so grateful to Brad Robison and his team at TVEPA, as well as Joe Azar and his economic development team at the Panola Partnership, for helping us usher in this investment. We’re excited for companies to reach their ESG goals by investing in this welcoming Mississippi community.”

Clearloop’s emission-based approach aids in direct corporate investments to the most carbon-intense grids, also identifying communities where the dollar invested in new infrastructure serves as the catalyst for economic development and growth.

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