Potential offtaker

Albertus Magnus College

www.albertus.edu

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Albertus Magnus College is a private liberal arts college located in New Haven, Connecticut, United States. The college was founded in 1925 by the Dominican Sisters of St. Mary of the Springs, and it is named after the medieval philosopher and theologian, Albertus Magnus. The college offers undergraduate and graduate programs in various fields, including business, education, liberal arts, and sciences.

In recent years, Albertus Magnus College has taken significant steps towards decarbonisation and reducing its carbon footprint. The college has implemented various sustainability initiatives, including the installation of solar panels, energy-efficient lighting, and HVAC systems. These initiatives have helped the college to reduce its energy consumption and greenhouse gas emissions significantly.

One of the key initiatives undertaken by Albertus Magnus College is the adoption of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term contract between a renewable energy provider and a company to purchase a fixed amount of renewable energy at a fixed price. By adopting corporate PPAs, Albertus Magnus College has been able to secure a long-term supply of renewable energy at a predictable price, which has helped the college to reduce its carbon footprint and energy costs.

In 2019, Albertus Magnus College signed a 20-year PPA with Greenskies Renewable Energy, a leading provider of solar energy solutions. Under the agreement, Greenskies will install a 2.5-megawatt solar array on the college's campus, which will generate approximately 3.3 million kilowatt-hours of electricity annually. This is equivalent to offsetting the carbon emissions from 2,500 homes or removing 4,000 cars from the road each year.

The solar array will provide approximately 25% of the college's annual electricity needs and will help the college to reduce its carbon footprint by over 2,000 metric tons of CO2 annually. The PPA also provides a fixed price for the electricity generated by the solar array, which will help the college to reduce its energy costs over the long term.

In addition to the PPA with Greenskies, Albertus Magnus College has also implemented other renewable energy initiatives, including the installation of a geothermal heating and cooling system. The geothermal system uses the constant temperature of the earth to provide heating and cooling for the college's buildings, which has helped to reduce the college's energy consumption and greenhouse gas emissions.

Albertus Magnus College has also implemented various energy efficiency initiatives, including the installation of LED lighting and energy-efficient HVAC systems. These initiatives have helped the college to reduce its energy consumption and greenhouse gas emissions while also providing cost savings.

Overall, Albertus Magnus College has demonstrated a strong commitment to sustainability and decarbonisation through its adoption of renewable energy, corporate PPAs, and energy efficiency initiatives. These initiatives have helped the college to reduce its carbon footprint, energy costs, and dependence on fossil fuels. As the world continues to transition towards a low-carbon economy, Albertus Magnus College is well-positioned to lead the way in corporate energy and renewable energy adoption.

✓ Current offtaker under Corporate PPA's