BOULDER,
Colo., April 18, 2024 /PRNewswire/ -- Scout Clean
Energy (Scout), a Colorado-based
renewable energy developer-owner-operator, is pleased to announce
they have signed a Virtual Power Purchase Agreement (VPPA) with
Zoetis Inc. for a 50-megawatt (MW) portion of Scout's operating
Heart of Texas Wind Farm. This constitutes more than one-fourth of
the total capacity of the 180 MW project, which produces enough
electricity annually to power approximately 67,000 homes.
"We're proud to work with ambitious partners like Zoetis to find
creative solutions for renewable procurement," said Michael Rucker, chief executive officer and
founder at Scout. "Heart of Texas
is an outstanding project and will deliver excellent value to
Zoetis as it pursues carbon neutrality."
Heart of Texas, located in
McCulloch County, was constructed
in 2020 and is owned and operated by Scout, a portfolio company
managed by Brookfield Asset Management, a global leader of
renewable power and decarbonization solutions. The project supports
the local economy through tax incentive agreements with
McCulloch County, McCulloch County
Hospital District, and Lohn Independent School District.
This VPPA is part of Zoetis' roadmap to achieve carbon
neutrality in its own operations by 2030. The 12-year term contract
will not only secure renewable energy, but also generate Renewable
Energy Certificates (RECs) which will play a role in reducing
Zoetis' emissions as part of the RE100 initiative.
"This partnership with Scout Clean Energy reflects our priority
to advance sustainability in animal health for a better future,"
said Jeannette Ferran Astorga,
Executive Vice President, Corporate Affairs, Communications and
Chief Sustainability Officer at Zoetis. "Through this Virtual Power
Purchase Agreement, we are not only securing renewable energy, but
also advancing how we can reduce our carbon footprint."
About Scout Clean Energy
Scout Clean Energy is a renewable energy developer and
owner-operator headquartered in Boulder,
Colorado with approximately 1,000 MW of operating and under
construction wind assets, and a pipeline of over 19,000 MW of wind,
solar and storage projects across 22 states, including more than
2,300 MW of advanced-stage projects. Scout has expertise in all
aspects of renewables project development, permitting, power
marketing, finance, construction, 24/7 operations, and asset
management. Scout is a portfolio company of Brookfield, which
acquired Scout at the beginning of 2023. For more information,
please visit www.scoutcleanenergy.com
About Zoetis
As the world's leading animal health company, Zoetis is driven
by a singular purpose: to nurture our world and humankind by
advancing care for animals. After innovating ways to predict,
prevent, detect, and treat animal illness for more than 70 years,
Zoetis continues to stand by those raising and caring for animals
worldwide – from veterinarians and pet owners to livestock farmers
and ranchers. The company's leading portfolio and pipeline of
medicines, vaccines, diagnostics and technologies make a difference
in over 100 countries. A Fortune 500 company, Zoetis generated
revenue of $8.5 billion in 2023 with
approximately 14,100 employees. For more information, visit
www.zoetis.com.
About Brookfield
Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading
global alternative asset manager with over $850 billion of assets under management.
Brookfield invests client capital for the long-term with a focus on
real assets and essential service businesses that form the backbone
of the global economy. Brookfield offers a range of alternative
investment products to investors around the world — including
public and private pension plans, endowments and foundations,
sovereign wealth funds, financial institutions, insurance companies
and private wealth investors.
Brookfield operates Brookfield Renewable Partners (NYSE: BEP,
BEPC TSX: BEP.UN, BEPC), one of the world's largest publicly
traded, pure-play renewable power platforms, with approximately
31,800 megawatts of installed renewable energy capacity and a
development pipeline of approximately 143,400 megawatts of
renewable power assets, 14 MMTPA of carbon capture and storage, 2
million tons of recycled material and 4 million metric million
British thermal units of renewable natural gas production
annually.
Contact: Chad Thompson
chad@scoutcleanenergy.com
901.331.077
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SOURCE Scout Clean Energy