Bank of America has signed a 15-year, 160-megawatt agreement with Constellation, a large producer of carbon-free energy.
The bank will purchase power and project-specific renewable energy certificates in a move to help the institution power 17 percent of its global electricity consumption with clean, renewable energy.
A portion will come from the Mammoth Central project, the third and final phase of the broader Mammoth Solar project being developed by Doral Renewables in two counties in Indiana.
As part of its retail electricity supply contract with Constellation — which covers locations in Delaware, Pennsylvania and Virginia — Bank of America will receive renewable energy and RECs from Mammoth Central. By powering its facilities with solar energy, Bank of America is expected to reduce greenhouse gas emissions associated with its energy use by more than 95,000 metric tons annually.
The agreement will begin when the project construction is completed an