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Leeward Renewable Energy and Verizon Sign Four Renewable Energy Purchase Agreements

January 20, 2022

Wind and Solar Projects to Generate up to 640 Megawatts of Reliable, Clean Energy through 15-Year Agreements

DALLAS–(BUSINESS WIRE)–Leeward Renewable Energy (“Leeward”) today announced that it has entered into 15-year Renewable Energy Purchase Agreements (REPAs) with Verizon Communications (“Verizon”), through which Verizon will purchase the energy generated from four of Leeward’s wind and solar projects under development: Blackford County Wind, Horizon Solar, White Wing Ranch Solar projects, and an 80 MW wind project in development with details to come (collectively, the “Projects”).

In aggregate, the Projects will have the capacity to generate up to 640 megawatts (MW) of reliable, clean energy, which will help Verizon achieve its goal to be net zero in its operational emissions (scope 1 and 2) by 2035. Construction of all projects is expected to be completed by June 30, 2024, with each project also providing jobs and economic benefits to its surrounding community.

“Since 2019, Verizon has issued three $1 billion green bonds to support our climate strategy, including our expansive renewable energy initiatives,” said James Gowen, Verizon’s chief sustainability officer and senior vice president, global supply chain. “Through investments in clean energy solutions — like these agreements with Leeward Renewable Energy — Verizon is doing its part to green the U.S. energy grid.”

The Projects will utilize wind turbines and thin-film panels from America’s industry leading renewable technology manufacturers. Leeward’s contracted solar panel supply with First Solar will enable reliable project delivery for Verizon and further positions Leeward to execute on its aggressive growth and resource diversification strategy. Together Leeward’s growth strategy and project execution reliability enhance its ability to continue delivering value-driven energy solutions to its customers.

Andrew Flanagan, Chief Development Officer at Leeward stated, “We are excited to expand our established relationship with Verizon, which speaks to Leeward’s strengths as a partner in helping our nation’s leading companies meet their sustainability goals. We are pleased to be recognized as a company that safely and successfully delivers reliable wind, solar and energy storage solutions to innovative companies across the country. We look forward to continue building on this momentum to achieve our vision of harnessing renewable energy to power the world.”

The four Projects include:

  • Blackford Wind: Located in Blackford County, Indiana, the Blackford Wind project will have a generation capacity of 200 MW. Construction of the facility is expected to begin in February 2023 and be completed by December 31, 2023.
  • Horizon Solar: Located in Frio County, Texas, the Horizon Solar project will have a generation capacity of 200 MW. Construction of the facility is expected to begin in September 2022 and be completed by December 31, 2023.
  • White Wing Ranch Solar: Located in Yuma County, Arizona, the White Wing Ranch Solar project will have a generation capacity of 160 MW. Construction of the facility is expected to begin in May 2023 and be completed by June 30, 2024.
  • 80 MW Wind Project: In development with details to come.

Verizon and Leeward have an existing relationship through previously signed REPAs for the 196 MW Big Plain and 100 MW Oak Trail solar projects.

About Leeward Renewable Energy, LLC

Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$114 billion in net assets (as at June 30, 2021). For more information, visit www.leewardenergy.com.

Contacts

For Leeward
Kelly Kimberly
Sard Verbinnen & Co.
KKimberly@SARDVERB.com
(713) 822-7538

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What Our People Say About Leeward

I like being on a team that is developing ideas and technology to diversify the way we use our planet’s energy and resources.

Carol K

Involvement in new projects, new challenges, and team work.

Bent K

The energy transition represents a rare and exciting moment to reimagine something fundamental to the way we live.

Robert K

Opportunities to make an impact and see the results of your work.

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The focus on safety and making field work safer.

C.J. H

Coming from the military, camaraderie was important and there is plenty of that here.

Chase G

Leeward strives to meet the goals of renewable needs throughout the US and is continuously seeking opportunities to expand its portfolio.

Kory F

Leeward has a great group of people focused on getting the job done.

Greg F

I want to work for a company that will have a positive effect on the world.

Corey D

I choose to work in renewable energy because it is a growing industry and good for the environment.

Leena C

I am interested in making our planet a better and less polluted environment for ourselves and for future generations.

Lindy B

I want my work to have a positive impact on the world.

Joseph B

I love working at Leeward because everyday is a new opportunity to make a positive impact on the world.

Jason A

I enjoy working in Human Resources for a renewable energy company that is helping to sustain a better future for the next generation.

Chelsea L

To do my part in providing the next generation with environmentally friendly sustainable energy.

Sam M

I have the support from managers and leaders to develop and implement new ideas.

Brandi M

It is exciting to be a part of an emerging industry that we have already seen changing the world.

Kelly P

An environment that creates the perfect work/life balance while maintaining excellent business ethics and professional growth for employees.

Alexandria P

I joined Leeward because it was committed to growing and the opportunity set for my career was large and well defined.

Massimo P

An opportunity to learn and grow professionally across legal, financial, engineering, construction, O&M, and other areas of expertise.

Paul P

Leeward has a tight knit strong team culture, allowing for access to everything needed for personal and professional growth.  

Kyle R

I wanted to be in a growing industry where the future holds a wide variety of opportunities and helps the environment.

Kazi R

I chose the renewable energy field because I’ve always wanted to be part of a shift from fossil fuels to clean energy.

Jonathan S

I decided the best way for me to make an impact on reducing the effects of climate change was for me to work in renewable energy.

Candace W

I chose the field of renewable energy 36 years ago due to my interest in cleaning up the environment, particularly the air quality.

Duane Y

I am passionate about the outdoors and the environment. And I love that I can tell my kids that Leeward is part of the solution.

Tedd M

I am proud to work at Leeward because I truly believe we make a positive impact on the climate and communities we live in.

Karla B

I’ve always been passionate about protecting the planet and everyone in it which is what makes working for Leeward so rewarding.

Evelyn Z

Knowing that I am helping build projects that will contribute to the world’s need for renewable energy motivates me every day.

Joe G

What motivates me are the great people Leeward has across all disciplines and aspects of projects leading growth in the renewable energy industry.

Kelly I

I am proud to work at Leeward and be part of an established team with a proven track record of operational excellence.

Mark D

I’m a believer in renewable energy and am proud to work for a company that strives to make a positive impact in our communities and world.

Mark H

The work I do directly impacts the company and its ability to provide renewable clean energy to the country.

Olay M

I am motivated by working with a great team and delivering renewable energy while reducing environmental and community impacts.

Chris M

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