Sourcing Renewables | Page 118

BlackRock Real Assets reported a $4.8 billion final close of its Global Renewable Power Fund III with commitments from more than 100 institutional investors and significantly exceeding its initial target. The fund invests in global climate infrastructure assets, primarily in renewable power generation, across the Americas, Europe, and Asia.

Wells Fargo announced a 20-year renewable energy purchase agreement for 100% of solar energy produced by the 58 MW Blackburn Solar project in Catawba County, North Carolina. The transaction is Wells Fargo’s single largest to date and will supply approximately 8% of the company’s annual global electricity.

Intelligent Blends, the parent company of Maud's Coffee & Tea announced that it is now using solar-powered energy for the production of all of its house blends and certified recyclable pods.

Facebook announced the purchase of 5 MW of solar power from the largest floating solar in Singapore, located in the Straits of Johor.

Georgetown University is boosting its conservation and utility management efforts through a partnership with ENGIE North America. Together, these efforts will improve energy efficiency, help the university achieve ambitious sustainability goals, and positively impact students, faculty, and the community.

More than 260 gigawatts (GW) of renewable energy capacity were added around the world, an increase of almost 50% over expansion in 2019 and beating both estimates and records. According to data released by the International Renewable Energy Agency (IRENA), more than 80% of all new electricity capacity added in 2020 was renewable, with solar and wind accounting for 91% of new renewables.

PepsiCo's bottling facility in Piscataway, N.J. now has a 992,800-watt roof-mounted solar array. The project is part of a corporate initiative to achieve 100% renewable electricity for PepsiCo’s U.S.-based operations.

The city of Perry, Iowa, will install a 1-megawatt solar facility on the town's western edge. The site is a remediated brownfield area where the city has worked for several years to build a renewable energy project.