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Bank of America Selects Retail Supplier For 160 MW Of Offsite Solar
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Bank of America announced a 15-year, 160-megawatt agreement with Constellation to purchase power and project-specific renewable energy certificates (RECs) for an offsite solar project
This agreement will help Bank of America power approximately 17 percent of its global
electricity consumption with energy from a portion of the Mammoth
Central project, the third and final phase of the broader Mammoth Solar project, which is
currently being developed by Doral Renewables LLC in Starke and Pulaski counties in
Indiana (in PJM).
Bank of America will receive renewable energy and RECs from Mammoth Central as part
of its retail electricity supply contract with Constellation, which covers locations in
Delaware, Pennsylvania and Virginia.
The agreement will begin when the project construction has been completed and the
project becomes operational, which is expected in late 2024.
Bank of America will use the Constellation Offsite Renewables (CORe) retail power
product to facilitate its renewable energy transaction.
Separate from Bank of America’s 160-megawatt agreement at the Mammoth Central
site, Constellation and Doral have also entered into agreements with three other
customers, which have not yet been publicly named, to purchase an additional 140-megawatts of power and project-specific
renewable energy certificates. These purchases in total will support 300-megawatts of
the 600-megawatts expected capacity of Mammoth Central. Upon the completion of the
entire Mammoth Solar facility, the project will have an estimated capacity of 1.3
gigawatts
Constellation has a corresponding 300 MW agreement in place with Doral. At 300 MW, this is Constellation’s largest offsite renewable deal to date.
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June 23, 2022
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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