AT&T Grows its Renewable Energy Portfolio to Over 1.7 Gigawatts
Telecommunications and media giant AT&T announced today it has purchased 155 MW of solar power from energy and commodity trading company Vitol. The deal brings the company’s total renewable energy portfolio to more than 1.7 GW, supporting AT&T’s target to reach net-zero emissions by 2035.
Joe Taylor, Vice President of Global Infrastructure Optimization and Implementation at AT&T, said:
“AT&T is investing in renewable energy because it is good for the planet and good for our business. In addition to reducing our emissions footprint, deals like the ones with Vitol allow us to hedge against changes in energy costs and support economic development in communities we serve. It’s a win-win-win.”
AT&T and Vitol have signed two virtual power purchase agreements (VPPAs) for approximately 80 MW and 75 MW. AT&T is buying clean power from the Bluegrass solar project in Maryland, and the Swiftwater solar project, in Pennsylvania, both owned by affiliates of Vitol.
Andrew de Pass, Head of Renewables, Vitol Inc, said:
“Localized renewable generation is enabling corporates to own and address their emissions. Our highly connected way of life consumes huge amounts of energy and we are delighted to be working with AT&T to help develop sustainable energy solutions for their business.”
AT&T has committed to net-zero greenhouse gas (GHG) emissions across its global operations by 2035. According to the company, its largest source of emissions comes from electricity used to power its network. Last year, the company announced the launch of its Connected Climate Initiative, aimed at helping businesses reduce 1 billion metric tons of GHG emissions by 2035.
Charlene Lake, Chief Sustainability Officer and SVP-Corporate Social Responsibility at AT&T, said:
“Purchasing renewable energy and other steps to reach carbon neutrality form one part of our three-pronged climate strategy. Our other focus areas are delivering connectivity solutions to enable our business customers to reduce their emissions and building resilience to extreme weather for our business and our communities. Across all three pillars, collaborators like Vitol help us get closer to our goals.”