Distributed Generation, Solar, Sourcing Renewables  -  January 3, 2022

Zoetis Signs PPA for Solar Power

Zoetis signed a 15-year virtual power purchase agreement (VPPA) with Vesper Energy to receive 40 MW of renewable energy to power approximately 33% of Zoetis' North American operations' projected energy needs.

The solar energy will be generated from Vesper's 500MW Hornet Solar project in west Texas, which is targeted to be fully operational by the end of 2023.

"At Zoetis, we are committed to protecting our planet while we fulfill our purpose to nurture the world and humankind by advancing care for animals," said Jeannette Ferran Astorga, Chief Sustainability Officer at Zoetis in a statement. "Partnering with Vesper Energy to make our North American operations cleaner and more sustainably powered is another step in our sustainability journey as we achieve our renewable energy goals."

Zoetis is an animal health company that manufactures a pipeline of medicines, vaccines, diagnostics, and technologies. Vesper Energy is majority-owned by funds and accounts managed by Magnetar Capital.

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