Bloomberg Signs 15-Year Energy Deal with Ørsted
19 FEB 2024 PV Journal
Ørsted, a leading global energy developer, has announced a 15-year power purchase agreement (PPA) for renewable energy with Bloomberg, a prominent provider of business and financial market information.
This agreement entails Ørsted supplying 80MW of solar energy from its Mockingbird Solar Center in Texas, which is currently under construction, to Bloomberg.
Bloomberg aims to power its operations entirely with renewable energy by 2025, aligning with its commitment to the RE100, a global corporate initiative. With this new deal with Ørsted, Bloomberg is on track to meet 100% of its electricity needs in the U.S. and 80% globally through renewable sources.
Ørsted made the final investment decision in early 2023 to proceed with the Mockingbird project near Paris, Texas. This 471 MW solar project, spanning 4,900 acres, is set to be Ørsted's largest in the U.S., capable of powering over 80,000 homes annually. Notably, the project includes conservation efforts, protecting 1,000 acres of native tallgrass prairie in collaboration with The Nature Conservancy (TNC). The PPA with Bloomberg marks the Mockingbird project as fully contracted, alongside other agreements with companies like Covestro and Royal DSM.