Bristol Myers Squibb Indicators PPA with EDP Renewables for Texas Solar Park

EDP Renewables (EDPR), by means of its EDP Renewables North America LLC (EDPR NA) subsidiary, and Bristol Myers Squibb (BMY) have executed a 15-year power buy settlement (PPA) for 60 MW of the 240 MW Cattlemen Solar Park in Milam County, positioned in central Texas.

The settlement will allow EDPR NA to additional develop Cattlemen Solar Park, which has an estimated capital funding of roughly $280 million and is anticipated to be operational in 2023.

Bristol Myers Squibb, consistent with its long-term environmental sustainability objectives, has acknowledged that by 2030 it is going to buy 100% of the electrical energy it makes use of from renewable sources. The PPA with EDP Renewables’ Cattlemen Solar Park marks a big step towards reaching this purpose. Edison Energy LLC served as advisors.

“As a leading global biopharma company, BMS recognizes the critical link between climate change and human health, and our dedication to transforming patients’ lives through science underpins our approach to environmental sustainability,” says Danielle Menture, vp of sustainability, EHS and occupational well being. “This agreement not only is an important milepost in our sustainability journey, but also is a step toward a clean energy future for everyone.”

“We are delighted to partner with Bristol Myers Squibb on this arrangement that will help in making further strides toward achieving their environmental goals,” states Sandhya Ganapathy, COO of EDPR North America. “Texas leads the nation in installed wind, solar, and storage capacity, and EDPR is proud to have the opportunity to bring more solar energy online and generate new local and statewide economic benefits in the Lone Star State.”

Recent Articles

Computerized Solar Panel Cleansing

Keeping the Solar panels clear is essential in a rooftop solar PV setup. A unclean solar panel reduces effectivity and may also ...

Complete home storage? Again up. Let’s focus on load controls first

By Jeff Spies May 31, 2023 This article initially appeared within the Q1 2023 version of Solar Builder journal....

Solar is Not Lifeless in California… Net Metering 3.0 Defined

Learn extra at Net Energy Metering could also be “dead” however solar will not be. For many people within the ...

Enphase IQ Battery 5P is its strongest but

Enphase Energy launched its strongest home battery to-date, the IQ Battery 5P, for patrons within the United States and Puerto...

A printable, versatile, natural solar cell | Hannah Bürckstümmer

Unlike the solar cells you are used to seeing, natural photovoltaics are made from compounds which can be dissolved in ink and may be...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox