Comcast Deals to Buy 250MW of Clean Power for U.S. Operations
March 31 2022 - 11:29AM
Dow Jones News
By Chris Wack
Comcast Corp. said it has entered into an agreement to buy 250
megawatts of solar electricity from Constellation Energy Corp. in
order to power 12% of its U.S. operations and the vast majority of
its Mid-Atlantic operations with clean, renewable energy.
The agreement will support construction of the Blue Sky Solar
Project, currently being developed by Scout Clean Energy in
Illinois, creating local jobs and bringing additional clean
electricity to the U.S. power grid.
Comcast has said it plans to be carbon neutral by 2035. With
purchased electricity accounting for the majority of these
emissions, sourcing renewable energy is critical to meeting this
goal.
Comcast's renewable energy strategy will prioritize securing
green tariffs, direct power purchase agreements, and virtual PPAs
through contracts that bring new renewable capacity to the grid. It
also will include building onsite renewable energy capacity and
supplementing electricity needs with purchases from existing clean
energy projects or renewable energy certificates.
The agreement will allow Comcast to reduce the carbon dioxide
emissions associated with its energy use by nearly 360,000 metric
tons annually, equivalent to avoiding the emissions from more than
65,000 homes' electricity use for a year.
The project will create up to 400 construction jobs and 20 new
local long-term jobs, and generate $36.3 million in tax revenue
over the life of the project, including $25.4 million slated to go
directly to local schools. Blue Sky is expected to reach commercial
operation by December 2024.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 31, 2022 11:14 ET (15:14 GMT)
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