North American renewables developer Vesper Energy has signed 40MW virtual power purchase agreement (PPA) with animal health company Zoetis for electricity from a Texas solar farm.
The virtual PPA will meet approximately 33% of Zoetis’ North American operations’ projected energy needs.
The solar energy will be generated from Vesper’s 500MW Hornet solar farm in west Texas, which is targeted to be fully operational by the end of 2023.
Zoetis chief sustainability officer Jeannette Ferran Astorga said: “Partnering with Vesper Energy to make our North American operations cleaner and more sustainably powered is another step in our sustainability journey as we achieve our renewable energy goals.”
Vesper Energy is majority-owned by funds and accounts managed by Magnetar Capital through its Energy & Infrastructure business.