Vesper Energy enters into virtual power purchase agreement with Zoetis

Vesper Energy—a developer, owner, and operator of utility-scale renewable energy assets—has announced a 15-year virtual power purchase agreement (VPPA) with Zoetis, a global animal health company.

According to a company release, Vesper will power more than 40 megawatts (MW) of renewable energy to the grid to power an estimated 33% of Zoetis’ North American operations’ projected energy requirements.

"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 Craig Carson, CEO of Vesper Energy.

In addition, the solar energy being utilized will be generated from Vesper’s 500MW Hornet Solar project located in west Texas, which is forecasted to be up and running by the end of 2023.

"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."

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

Reference

Vesper Energy. Vesper Energy announces agreement with Zoetis to Power 33% of its North American Operations with Renewable Solar Energy. PR Newswire. Published December 21, 2021. Accessed December 23, 2021. https://www.prnewswire.com/news-releases/vesper-energy-announces-agreement-with-zoetis-to-power-33-of-its-north-american-operations-with-renewable-solar-energy-301448725.html