Scout Clean Energy Announces 12-Year Virtual Power Purchase Agreement With Zoetis Inc.
Portfolio Pulse from Benzinga Newsdesk
Scout Clean Energy has signed a 12-year Virtual Power Purchase Agreement (VPPA) with Zoetis Inc. for a 50-megawatt portion of the Heart of Texas Wind Farm. This agreement supports Zoetis' goal to achieve carbon neutrality by 2030 by securing renewable energy and generating Renewable Energy Certificates (RECs). The Heart of Texas Wind Farm, owned and operated by Scout, a Brookfield Asset Management portfolio company, contributes significantly to the local economy and the renewable energy sector.
April 18, 2024 | 1:12 pm
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Zoetis Inc. enters a 12-year VPPA with Scout Clean Energy for 50MW of the Heart of Texas Wind Farm, aiming for carbon neutrality by 2030.
The agreement with Scout Clean Energy allows Zoetis to secure a significant amount of renewable energy, which is a critical step towards achieving its carbon neutrality goal by 2030. This move is likely to be viewed positively by investors focused on sustainability and could enhance Zoetis' corporate reputation, potentially leading to a positive short-term impact on its stock price.
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