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    Brunswick Corp. contracts virtual PPA for 500-MW Vesper Solar farm in Texas

    Jan. 6, 2022
    A virtual power purchase deal refers to a customer paying for the implementation of renewable energy into the grid, but not receiving that power generation directly. The transaction helps fund the project
    Image credit Vesper Energy
    Vesper Solar 61d6e1ce1ffd2

    Brunswick Corporation has entered into a virtual power purchase agreement (VPPA) with renewable energy firm Vesper Energy to power its global operations with clean solar energy.

    Vesper will provide 57 MW of renewable energy annually to the North American grid under the multi-year VPPA. The renewable energy will be sourced from Vesper’s 500 MW Hornet Solar project in Texas, which is expected to be operational by the end of 2023.

    A virtual power purchase deal refers to a customer paying for the implementation of renewable energy into the grid, but not receiving that power generation directly. The transaction helps fund the project.

     Vesper Energy has more 680 MW of solar projects in the U.S. and another 3 GW solar and 2.5 GWh energy storage development in the pipeline.

     Brunswick’s renewable energy portfolio already includes on-site solar power systems established at its Mercury Marine headquarters in Wisconsin and European headquarters in Belgium.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.