Bloomberg and Ørsted announce 15-year renewable energy PPA
In Texas, Ørsted, a clean energy developer, announced the signing of an 80MW power purchase agreement (PPA) with Bloomberg for renewable energy generated by the Mockingbird Solar Center, a 471 MW project currently under construction near Paris, Texas. Bloomberg is one of four corporate customers buying power from the Mockingbird Solar Center, including Covestro and Royal DSM. This agreement brings the Mockingbird project to a fully contracted status for its 471 MW capacity, the firm said. In 2016, Bloomberg joined the RE100, a global corporate initiative comprised of businesses committed to sourcing 100 percent of their electricity from renewable energy. According to Bloomberg, in 2022, the company secured 192,533 MWh of renewable energy from 11 projects, which represents 54.6 percent of Bloomberg’s global purchased electricity. Bloomberg expects the additional renewable energy sourced from the Mockingbird Solar Center will cover 100% of its U.S. electricity usage and 80 percent of global electricity usage.
