US telecom giant Verizon has signed four new power purchase agreements (PPAs) to procure renewable energy.
As part of its commitment to using renewable energy, the company announced last week that it has signed four new long-term renewable energy purchase agreements (REPAs) for an aggregate of up to 410 MW of renewable energy capacity.
The telco’s goal is to source or generate renewable energy equivalent to 50% of its total annual electricity usage by 2025. As a result of these new agreements, the company has surpassed 3GW of total projected renewable energy capacity across 24 REPAs.