Vesper Energy & Zoetis Sign Agreement to Power 33% of North American

Source: www.gulfoilandgas.com 12/21/2021, Location: North America

Vesper Energy ("Vesper"), a leading developer, owner and operator of utility-scale renewable energy assets, today announced it entered into a 15-year virtual power purchase agreement (VPPA) with Zoetis, the world's leading animal health company. Vesper will deliver more than 40 megawatts (MW) of renewable energy to the grid to power approximately 33 percent of Zoetis' North American operations' projected energy needs.

"At Zoetis, we are committed to protecting our planet while we fulfill our purpose to nurture the world and humankind by advancing care for animals," said Jeannette Ferran Astorga, Chief Sustainability Officer at Zoetis. "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."

The solar energy will be generated from Vesper's 500MW Hornet Solar project in west Texas, which is targeted to be fully operational by the end of 2023.

"We're proud to work with Zoetis to power a significant portion of their North American operations via solar energy and congratulate the entire Zoetis team for continuing to play their part in materially contributing to a sustainable, decarbonized future," said Vesper Energy CEO Craig Carson.

Vesper Energy is majority-owned by funds and accounts managed by Magnetar Capital through its Energy & Infrastructure business.


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