EDF Renewables Signs Agreement with McDonald’s Corporation for Apollo Solar Project
EDF Renewables North America announced a 15-year virtual power purchase agreement (VPPA) with McDonald’s Corp.
September 14, 2022. By News Bureau
The 255 MWac / 332 MWdc Apollo Solar project will help McDonald’s to meet its sustainability goals and advance its commitment to climate action. Apollo Solar, located in Texas, is expected to begin delivery of low carbon electricity in June 2024.
Approximately 300 jobs are expected to be created during the 2023-2024 construction phase with more than $30 million generated in new tax revenue over the operating life for taxing entities.
Apollo Solar will produce clean energy while minimizing impacts to wildlife, habitat, and other environmental resources.
“We applaud McDonald’s for taking action on climate change and are honored to partner with them to address their restaurant electricity carbon footprint,” said Matt McCluskey, Vice President Development, South Central Region for EDF Renewables. “Through the purchase of clean energy from Apollo Solar, McDonald's will be able to reduce GHG emissions in support of their sustainability goals while the project construction phase will provide the local community with a boost to the economy through job creation, local spending with vendors, and an expanded tax base.”
“We are thrilled to add EDF Renewables and the Apollo Solar project to our U.S. renewable energy portfolio as part of our continued commitment to climate action,” said Elaine Strunk, Sr. Director Global Sustainability, McDonald’s. “Apollo Solar plays a significant role in our science-based emissions reduction target for 2030 and brings a considerable amount of new renewable generation to the grid. Together with EDF Renewables, this project furthers our shared goal of making a more sustainable planet for generations to come.”
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