PROVIDENCE – Residents Monetary Group Inc. goes inexperienced below a brand new settlement to purchase the equal of 100% of its vitality wants from a wind farm in Kansas.
Beneath an influence buy settlement introduced Tuesday between dad or mum firm Residents Financial institution and renewable vitality developer Orsted A/S, residents will purchase renewable vitality credit from the Sunflower Wind mission in Marion County, Kansas. Building of the 200 megawatt wind farm started in 2022 and is predicted to be operational by 2023, offering electrical energy to 96,000 houses per 12 months.
In accordance with PBN’s 2022 E book of Lists, the 25.8 megawatt share that Residents is shopping for with vitality loans is sufficient to energy the complete operations of the corporate, which incorporates 70 branches in Rhode Island and its 123-acre company campus in Johnston.
Citizen stated in an announcement that the settlement is the most recent in its ongoing sustainability technique, which additionally consists of funding for renewable vitality initiatives, decreasing gasoline emissions and company-wide coaching, as outlined in its 2021 Company Accountability Report.
Orsted A/S can be co-developing a number of offshore wind farms, together with the Revolution wind farm off the coast of Block Island, which is able to present 400 megawatts of electrical energy to Rhode Island.
Nancy Lavin is a workers author for PBN. Contact her at [email protected]
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