Boston University (BU) recently announced a very large power purchase agreement, which will meet their full electricity demand and bring them closer to their Climate Action Goal of being carbon neutral by 2040. The PPA allows BU to purchase 205,000 MWh of wind energy annually, enough to power 25,280 homes in the US per year for 15 years starting in 2020. BU will receive and retire the associated 205,000 Green-e Certified Renewable Energy Certificates (RECs) generated from the wind farm to claim credit for the emissions reduction from the wind farm.
Edison Energy took the lead in conducting a competitive solicitation as the University’s energy purchasing consultant, using criteria established by the Climate Action Plan Task Force to source projects from four different regions of the country. South Dakota was ultimately established as the location of the wind farm, as the location was determined to have the greatest impact on global emissions. For more information on Boston University and the process behind this project, check out BU’s sustainability website.
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/contact-us.