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Edison Energy Conducts Competitive Project Solicitation for Novartis & Ensures Project’s Long-term Success

Novartis Pharmaceuticals Advances Sustainability Commitment with Renewable Energy

Edison Energy is pleased to congratulate Novartis AG, a Global 500 pharmaceutical company, on their long-term wind power purchase agreement, a major milestone for their global sustainability commitment. Novartis signed 100 megawatts of Invenergy’s new-build Santa Rita East wind project in San Angelo, Texas. The 300 megawatt project is expected to generate ~300,000 megawatt hours of renewable energy per year, creating 300 jobs during the construction phase and 12-15 full-time positions once the project is operational in 2019.

With their extensive network of trusted renewable energy developers, Edison Energy conducted a competitive solicitation, quantitatively and qualitatively analyzed the responses, and upon selection, worked to ensure the project’s long-term success. Jay Zoellner, CEO of Edison Energy, commented on behalf of the Edison Energy team: “We’re proud to have partnered with Novartis to find a project that supported their vision of improving their bottom line while supporting their sustainability goals.”

Novartis provides innovative healthcare solutions that address the evolving needs of patients and societies; in their endeavors, Novartis is committed to resource efficiency and reducing greenhouse gas emissions reduction. “At Novartis, we take our responsibility toward environmental sustainability seriously and it is important for our organization to meet our sustainability goals,” said Karen Coyne, Global Head of Environment at Novartis. “This agreement is in line with our sustainability strategy and is expected to help us reduce our carbon footprint, constrain costs and increase adoption of renewable energy.” For more information on Novartis and their renewable energy journey, please visit the press release from Novartis.

Edison Energy works with C&I clients, such as Novartis, as well as other large energy buyers to bring their sustainability goals and renewable energy initiatives to fruition. To do so, Edison collaborates closely with their client to identify, evaluate, and execute the most favorable, most risk-adjusted renewable energy strategy that best suits their client’s needs and preferences.

Edison Energy is an independent advisory and services company with advanced analytic capabilities to design and fulfill a managed portfolio solution for large global energy users. Edison partners with market leaders to align energy investments with strategic goals – empowering organizational vision, mitigating risk, and exceeding long-term sustainability and cost saving targets. This includes providing comprehensive renewable energy advisory and procurement services to its clients, featuring a proprietary market access platform where over 500 developers with more than 5,000 renewable energy projects compete for their clients’ business. To learn more about Edison Energy and their offerings, please visit www.edisonenergy.com.

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