EDP Renewables has signed a 20-year power purchase agreement with Bloomberg to supply 20 megawatts of wind power that will be used to offset the energy use of the media company’s New York offices.
Bloomberg has agreed to buy over 25% of the energy generated by the 70-MW Arkwright Summit Wind Project in Chautauqua County, NY.
“We are extremely satisfied with this agreement. The fact that companies such as Bloomberg are playing such an active part in renewable energy projects is a very clear indicator that the future lies in the generation of this type of energy,” said Joao Manso Neto, CEO of EDP Renewables. “To be chosen as their partners confirms the confidence of the market and companies in our delivery capacity, experience and know-how,” he added.
Bloomberg aims to source 35% of its energy from clean power sources, and reduce absolute emissions 20% from its 2007 baseline by 2020.