Bank of America Selects Retail Supplier For 160 MW Of Offsite Solar

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.