Pfizer Selects Supplier Of Solar Power For North American Operations, Sourced From Texas Plant

Vesper Energy ("Vesper" or "the Company"), a developer, owner and operator of utility-scale renewable energy assets, announced that Pfizer has entered into a virtual power purchase agreement (VPPA) with the Company.

Under the 15-year agreement, Vesper said that it will deliver at least 310 MW of renewable energy to the grid, "effectively powering 100 percent of the projected power needs of Pfizer's North American operations through clean solar energy."

The solar energy will be generated from Vesper's 500MW Hornet Solar project in west Texas, which will be fully operational by the end of 2023.

Vesper Energy is majority-owned by funds and accounts managed by Magnetar Capital through its Energy & Infrastructure business.