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Decarbonization project

Bank of America Duke Energy 25 MW Solar PPA for Charlotte Operations

This project is operational in United States. The source does not give a quantified reduction for this project.

Status
Operational
Estimated reduction
Not quantified in the source
Countries
United States
Sector
Renewable power
Announced
30 June 2020
Expected start
2020

About this project

The description is as the source gives it.

Bank of America signed a 10-year PPA with Duke Energy under the Green Source Advantage program to purchase output and RECs from a 25-megawatt solar project. This covers approximately 45% of the bank's electricity load in North Carolina and supports its 100% renewable electricity procurement for operations. Evidence: "Through the PPA, BofA is participating in Duke Energy’s Green Source Advantage (GSA) program. ... The purchase of a 25-megawatt solar project’s electricity output and RECs will cover 45% of Bank of America’s electricity load in the state." — https://www.esgtoday.com/bank-of-america-signs-ppa-with-duke-energy-for-solar-power/

Statuses, countries and reductions are as the public source states them, and may be out of date.

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