AT&T Signs New Renewable Power-Purchase Agreements

By Chris Wack

AT&T Inc. (T) said Friday that its renewable energy purchases will surpass 1.5 gigawatts of clean energy capacity with the addition of new virtual power purchase agreements with Invenergy and Duke Energy Renewables.

The telecommunications and media company said the new deals will support new wind and solar projects, and make AT&T one of the largest corporate purchasers of renewable energy in the U.S.

AT&T said the new renewable energy purchases will support wind and solar projects, developed by Invenergy, delivering 800 megawatts of sustainable energy, as well as 160 MWs of wind energy generated by the Frontier Windpower II project, developed by Duke Energy Renewables. The new purchase agreements build upon AT&T's existing agreements supporting wind energy centers already operational or under development.

AT&T said renewable energy purchases to date are expected to reduce greenhouse gas emissions by an amount equivalent to providing electricity for more than 560,000 homes or taking 690,000 cars off the road for 1 year. The total annual energy produced is also enough to power New York City for one month.

The company said the projects will create hundreds of construction jobs and dozens of permanent jobs in the clean energy field.

Write to Chris Wack at [e-mail]

(END) Dow Jones Newswires

September 20, 2019 12:36 ET (16:36 GMT)

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