GHG Emissions, Commercial, Solar - February 20, 2025
Verizon Adopts 640 MW of VPPAs
Telecommunications company Verizon signed agreements for four new virtual power purchase agreements (VPPA) totaling 640 MW of power.
The new agreements — signed with clean energy developer, owner and operator Invenergy — enable Verizon to meet its power needs with cleaner, more reliable energy. Verizon’s total procured energy from Invenergy now totals more than 1 GW.
"Surpassing 1 GW in clean energy procurement from Invenergy represents a key milestone in Verizon’s long-term energy strategy,” said James Gowen, Senior Vice President, Global Sourcing and Supply Chain and Chief Sustainability Officer, Verizon, in a statement. "It’s great to continue to build on our long-standing relationship with Invenergy as we create resilient networks that support our customers’ needs and keep them connected when it matters most.”
The latest VPPAs are contracted through four Invenergy-developed facilities strategically located across the U.S., including Arkansas, Illinois, Maryland and Ohio. The electricity generated by all four projects will be delivered to local grids through two energy markets across four states, increasing regional reliability by providing power to nearby homes and businesses. Verizon will receive clean energy credits for bringing new generation capacity online.
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