AT&T Signs New Renewable Power-Purchase Agreements -- Update
September 20 2019 - 1:49PM
Dow Jones News
By Chris Wack and Dave Sebastian
AT&T Inc. (T) said Friday that its renewable energy
purchases will surpass 1.5 gigawatts of clean energy capacity with
the addition of new virtual power purchase agreements with
Invenergy and Duke Energy Renewables, a business unit of Duke
Energy (DUK).
At the Climate Week NYC event, the company said the new deals
will support new wind and solar projects, and make AT&T one of
the largest corporate purchasers of renewable energy in the
U.S.
The telecommunications and media company said the new renewable
energy purchases will support wind and solar projects, developed by
Invenergy, delivering 800 megawatts of sustainable energy, as well
as 160 MWs of wind energy generated by the Frontier Windpower II
project, developed by Duke Energy Renewables. The new purchase
agreements build upon AT&T's existing agreements supporting
wind energy centers already operational or under development.
AT&T has signed a 15-year contract with Duke Energy
Renewables for the wind power project in Kay County, Okla., Duke
Energy said Friday.
Duke Energy Renewables is building the 350-megawatt Frontier II
project through the virtual power purchase agreement, it said.
The project's construction is under way and will start operating
in December 2020, Duke Energy said.
Duke Energy said the project is an expansion of Frontier
Windpower, which has been operating since 2016. The first and
second parts of the project would generate 550 megawatts of wind
energy, which could power about 193,000 homes, the company
said.
Ball Corp. (BLL) has also committed to the Frontier II project
with a 15-year, 161-megawatt project, Duke Energy said.
AT&T said its renewable energy purchases to date are
expected to reduce greenhouse gas emissions by an amount equivalent
to providing electricity for more than 560,000 homes or taking
690,000 cars off the road for one year. The total annual energy
produced is also enough to power New York City for one month, the
company said.
The projects will create hundreds of construction jobs and
dozens of permanent jobs in the clean energy field, AT&T
said.
Write to Chris Wack at chris.wack@wsj.com and Dave Sebastian at
dave.sebastian@wsj.com
(END) Dow Jones Newswires
September 20, 2019 13:34 ET (17:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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