Environment

Vasper Energy ties with Zoetis to power 33% of its North American Operations

Published on: 23 December 2021 11:40 AM
Vasper Energy ties with Zoetis
Vasper Energy ties with Zoetis

A Brief Summary

Renewable energy asset developer Vasper Energy announced an agreement with animal health company Zoetis to provide 40mw of renewable energy to the grid. To power 33% of Zoetis' North American operations, Vasper Energy has commercialized over 860mw of solar projects in the US, an existing 3GW solar and a 2.5 GWh energy storage pipeline.

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Vesper Energy, a leading developer, owner, and operator of utility-scale renewable energy assets said today that it has signed a 15-year virtual power purchase agreement (VPPA) with Zoetis, the world's largest animal health firm. Vesper will provide more than 40 megawatts (MW) of renewable energy to the grid, enough to meet approximately 33% of Zoetis' expected energy needs in North America.

"At Zoetis, we are committed to conserving our planet while fulfilling our objective of developing animal care to nurture the globe and humankind," stated Jeannette Ferran Astorga, Chief Sustainability Officer at Zoetis. "As we work toward our renewable energy goals, partnering with Vesper Energy to make our North American operations cleaner and more sustainably fueled is another milestone in our sustainability journey."

Vesper's 500MW Hornet Solar project in west Texas will provide solar energy, which is expected to be completely operational by the end of 2023.

"We're happy to partner with Zoetis to use solar energy to power a large amount of their North American business, and we commend the whole Zoetis team for continuing to contribute materially to a sustainable, decarbonized future," said Craig Carson, CEO of Vesper Energy.

Vesper Energy is majority-owned by Magnetar Capital's Energy & Infrastructure company, which manages funds and accounts.

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