Vesper Energy signs PPA for 500 MW Solar project in USA

Vesper Energy, a leading developer, owner and operator of utility-scale renewable energy assets, announced that it entered into a 15-year virtual power purchase agreement (VPPA) with Zoetis, the world's leading animal health company.

Vesper will deliver more than 40 megawatts (MW) of renewable energy to the grid to power approximately 33 percent of Zoetis' North American operations' projected energy needs. The solar energy will be generated from Vesper's 500 MW Hornet Solar project in west Texas, which is targeted to be fully operational by the end of 2023.

Earlier Vesper had also signed a 15-year VPPA with pharmaceutical company Pfizer to supply at least 310 MW from the Hornet solar project.