L3Harris Enters 100MW PPA with Lightsource bp
L3Harris announced that it has entered a virtual power purchase agreement (PPA) with Lightsource bp, as part of the aerospace and defense company’s efforts to reduce its greenhouse gas (GHG) emissions by nearly 30% by 2026. Lightsource bp is a joint venture between energy company bp and Lightsource bp management, that develops, funds and manages utility-scale solar PV projects.
William M. Brown, L3Harris Chairman and CEO, said:
“We are committed to business practices that support a sustainable global environment. The renewable energy agreement is part of our broader sustainability strategy to reduce greenhouse gas emissions and our overall environmental impact.”
Under the terms of the virtual PPA, L3Harris will receive renewable energy certificates for up to 100 megawatts of capacity from a new solar farm expected to begin operation in the second half of 2021. L3Harris stated that the agreement is the equivalent of eliminating about 110,000 metric tons of CO2 per year or removing 24,000 cars from the road every year. The agreement enables Lightsource bp to finance and construct the Elm Branch solar project, which is scheduled to break ground later this year in Texas.
Kevin Smith, CEO of Lightsource bp for the Americas, said:
“The renewable energy sector is helping businesses meet their sustainability goals while advancing our transition toward low carbon and creating meaningful economic benefits for communities around the country. This agreement with L3Harris is supporting development of new solar energy infrastructure in Texas that will provide a clean and economic source of electric power while creating hundreds of jobs in the greater Dallas Fort Worth area.”