CVS Health Enters 12-Year Agreement With Constellation To Purchase Zero-Emission, Renewable Energy Equivalent To The Annual Electricity Use Of Its 147 CVS Health Locations Throughout Michigan
Portfolio Pulse from Benzinga Newsdesk
CVS Health has entered a 12-year agreement with Constellation to purchase zero-emission, renewable energy equivalent to the annual electricity use of its 147 locations in Michigan. The deal supports the development of 18 megawatts of new solar energy and helps CVS Health reduce its carbon footprint by nearly 17,000 metric tons each year.
June 14, 2023 | 1:04 pm
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POSITIVE IMPACT
Constellation's agreement with CVS Health to provide renewable energy supports the development of 18 megawatts of new solar energy.
The partnership with CVS Health will help Constellation expand its renewable energy portfolio and generate revenue from the long-term agreement. This can attract investors interested in companies with a focus on sustainability and renewable energy.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CVS Health's renewable energy agreement with Constellation will help reduce its carbon footprint and support new solar energy development.
The agreement will help CVS Health reduce its carbon footprint, which is a positive step towards sustainability and may attract environmentally conscious investors. Additionally, the long-term commitment to renewable energy can lead to cost savings and improve the company's reputation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100