Renewable energy asset developer and operator Vesper Energy announced a new 15-year virtual power purchase agreement with animal health company Zoetis, which will see the company providing 40 MW of renewable energy to the grid, sufficient to power 33% of Zoetis’ North American operations.
Craig Carson, CEO, Vesper Energy, said:
“We’re proud to work with Zoetis to power a significant portion of their North American operations via solar energy and congratulate the entire Zoetis team for continuing to play their part in materially contributing to a sustainable, decarbonized future.”
The energy under the VPPA will be generated from Vesper’s 500MW Hornet Solar project in west Texas, which is targeted to be fully operational by the end of 2023. Vesper Energy, owned by alternative asset manager Magnetar Capital, has commercialized over 860 MW of solar projects in the U.S. and has an existing 3 GW solar and a 2.5 GWh energy storage development pipeline.
Jeannette Ferran Astorga, Chief Sustainability Officer at Zoetis, said:
“At Zoetis, we are committed to protecting our planet while we fulfill our purpose to nurture the world and humankind by advancing care for animals. Partnering with Vesper Energy to make our North American operations cleaner and more sustainably powered is another step in our sustainability journey as we achieve our renewable energy goals.”