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Supermarket The GIANT Company Selects Retail Supplier, Supports 80 MW Of Solar Development
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The GIANT Company today announced a long-term renewable supply agreement with Constellation to power its Pennsylvania operations including select grocery stores, fuel stations and perishable distribution centers with renewable energy.
Backed by The GIANT Company’s commitment, Constellation has entered into separate long-term power purchase agreements to procure a total of 80 megawatts of renewable energy. The solar projects, which will be developed by Pine Gate Renewables, are expected to achieve commercial operation between June 2022 and January 2024.
The Renewable Energy Certificates (RECs) from these projects are not included in this agreement and will be transacted separately. The GIANT Company will receive approximately 155 million kilowatt hours of energy per year from the long-term power purchase agreement, with that energy matched by Green-e® Energy Certified RECs sourced from renewable facilities located throughout the U.S.
Representing The GIANT Company, Amerex Energy Services worked with Constellation to design and implement this renewable product structure.
"To simplify the purchase, The GIANT Company will use a solution that builds off of the Constellation Offsite Renewables (CORe) retail power product, which enables the development of, and increases businesses’ access to, renewable energy projects by removing the significant hurdles associated with traditional offsite power purchase agreements (PPAs). By combining the simplified contracting and aggregation process of CORe with the commitment and involvement from sustainability-minded companies, Constellation is able to offer more customers the ability to demonstrate their support of large-scale, offsite renewable energy projects," Constellation said
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November 4, 2021
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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