{"id":70446,"date":"2022-06-27T09:02:30","date_gmt":"2022-06-27T09:02:30","guid":{"rendered":"https:\/\/theelectricityhub.com\/?p=70446"},"modified":"2022-06-27T09:02:30","modified_gmt":"2022-06-27T09:02:30","slug":"bank-of-america-to-purchase-clean-energy-from-mammoth-central","status":"publish","type":"post","link":"https:\/\/theelectricityhub.com\/bank-of-america-to-purchase-clean-energy-from-mammoth-central\/","title":{"rendered":"Bank of America to Purchase Clean Energy from Mammoth Central"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PPA to aid Bank of America in offsetting about 17%\u00a0 of its global electricity consumption.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It aims to achieve net-zero by 2050.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Constellation Energy Corp and Bank of America Corp have made an agreement for the purchase of power and project-specific renewable energy certificates (RECs) from a 160 MW portion of the Mammoth Central solar project in Indiana.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The contract, which is for 15 years, will become effective only when the solar park begins operation in late 2024. The power purchase agreement (PPA) will aid the Bank of America to offset about 17%\u00a0 of its global electricity consumption with solar power. The Bank of America aims to achieve net-zero by 2050 in its financing activities, operations and supply chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Doral Renewables LLC is the developer for the 1.3 GW Mammoth Solar project, and the 600 MW Mammoth Central is the third and final phase of the project. Mammoth Central already has power supply contracts with three other customers for an additional 140 MW. <\/span><span style=\"font-weight: 400;\">As part of this project, Doral has committed to establishing pollinator habitat at the solar energy facility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Doral Renewables recently said it had closed construction financing for the 400 MW first phase of the wider project known as Mammoth North, successfully. That portion is also supported by tax equity financing from Bank of America.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PPA to aid Bank of America in offsetting about 17%\u00a0 of its global electricity consumption. It aims to achieve net-zero by 2050. Constellation Energy Corp and Bank of America Corp&hellip; <\/p>\n","protected":false},"author":26,"featured_media":63511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[3236,496,219],"tags":[],"class_list":["post-70446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-carbon-emissions","category-international-news","category-news-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of America to Purchase Clean Energy from Mammoth Central &#8226; The Electricity Hub<\/title>\n<meta name=\"description\" content=\"Constellation Energy Corp and Bank of America Corp have made an agreement for the purchase of power and project-specific renewable energy certificates (RECs) from a 160 MW portion of the Mammoth Central solar project in Indiana.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theelectricityhub.com\/bank-of-america-to-purchase-clean-energy-from-mammoth-central\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of America to Purchase Clean Energy from Mammoth Central &#8226; 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