Boston University Signs Long-Term Power Purchase Agreement for Wind Energy

Our client Boston University (BU) has executed a 15-year Power Purchase Agreement (PPA) with ENGIE Generation North America (ENGIE) pursuant to which BU will purchase wind energy from a South Dakota wind farm under development by an affiliate of ENGIE.  The establishment of this long-term contract will allow ENGIE to secure financing to construct the renewable energy facility, which will result in the addition of new clean energy to the grid in a region heavily reliant on fossil fuels.  Pursuant to the PPA, BU will purchase 205,000 megawatt hours of electricity annually in order to receive renewable energy credits to offset BU’s carbon emissions here in Boston.  This relationship helps to further the University’s long-term plan to bring its carbon emissions to zero by 2040 under BU’s Climate Action Plan.