Bank of America (BAC +0.5%) enters a 10-year settlement for solar energy in Texas by a partnership with NRG Power’s (NRG +3.7%) Reliant unit.
The deal, which is able to provide 160,000 MWh of electrical energy to BofA’s Texas operations yearly, will assist contribute to the bank’s dedication to purchase 100% of electrical energy from renewable sources and builds on its carbon-neutral efforts.
The undertaking will present electrical energy by the Electrical Reliability Council of Texas area to 345 services, which embrace workplace websites, monetary facilities, and ATMs. Bank of America will obtain each electrical energy and Inexperienced-e-certified renewable vitality certificates.
In April 2019, BofA’s dedicated to mobilize $300B in further capital by 2030 to low-carbon, sustainable companies.