The North American subsidiary of renewable energy producer EDP Renewables (EDPR) has signed a 15-year power purchase agreement with biopharmaceutical company Bristol Myers Squibb (BMS).
The agreement will provide Bristol Myers Squibb with 60MW of renewable power generated at EDPR’s 240MW Cattlemen Solar Park in Milam County, Texas.
The contract will spur the development of Cattlemen Solar Park which is anticipated to be fully operational in 2023.
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“We are delighted to partner with Bristol Myers Squibb on this arrangement that will help in making further strides toward achieving their environmental goals,” said Sandhya Ganapathy, COO EDPR North America. “Texas leads the nation in installed wind, solar, and storage capacity, and EDPR is proud to have the opportunity to bring more solar energy online and generate new local and statewide economic benefits in the Lone Star State.”
Cattlemen will consist of Cattlemen Solar Park and Cattlemen II Solar Park with installed capacities of 240MW and 150MW respectively.
The first phase of the project will generate enough electricity annually to power more than 37,000 average homes and, according to EDPR, will provide an important revenue source to the private landowners on which the project is located.
“…BMS recognises the critical link between climate change and human health, and our dedication to transforming patients’ lives through science underpins our approach to environmental sustainability,” said Danielle Menture, vice president of sustainability, EHS and occupational health. “This agreement not only is an important milepost in our sustainability journey but also is a step toward a clean energy future for everyone.”
