Agreement expected to support 40 percent of
AdventHealth's electricity needs
BOULDER,
Colo., Feb. 1, 2024 /PRNewswire/ -- Scout Clean
Energy (Scout), a Colorado based
renewable energy developer-owner-operator is pleased to announce
they have signed a Virtual Power Purchase Agreement (VPPA) with
AdventHealth for a 90-megawatt (MW) portion of Scout's Heart of
Texas Wind Farm. This portion of the project is expected to
generate 380,000 megawatt-hours (MWh) of renewable electricity
annually -- matching approximately 40 percent of AdventHealth's
current system-wide electrical needs.
"Scout's Heart of Texas Wind Farm is a wonderful example of how
Texas wind energy can bring clean
energy to the grid, and tax revenues and employment to the
community," said Michael Rucker,
chief executive officer and founder of Scout. "We're happy to
help deliver on AdventHealth's impressive effort
toward achieving 100 percent renewable electricity by 2026,
which was key to driving this sizable investment in the renewable
economy."
Heart of Texas is a 180
MW wind farm located near McCulloch
County, Texas. The wind farm consists of 64 individual
300-foot-tall wind turbines and supports 18 different landowners.
Based on a US EPA calculator, the Heart of Texas Wind Farm
generates enough clean energy for the ERCOT grid to power
approximately 67,000 homes.
"VPPAs are a powerful opportunity to address a leading cause of
climate change quickly and positively – greenhouse gas emissions
from electricity generation. Reduced emissions improve the health
of our team members and the communities we serve, said Rob Roy, senior vice president and chief
investment officer for AdventHealth.
Heart of Texas is owned and
operated by Scout Clean Energy, a portfolio company managed by
Brookfield Asset Management, a global leader of renewable power and
decarbonization solutions. Heart of Texas is part of Scout's portfolio of
approximately 1,000 MW of operating and under construction wind
assets, along with a pipeline of over 19,000 MW of wind, solar and
storage projects across 22 states.
Marisa Farabaugh, senior vice
president and chief supply chain officer with AdventHealth said
this agreement is one of the largest among all US health systems,
will help them reduce their environmental impact and support the
growth of renewable energy.
Heart of Texas also supports
local communities through tax incentive agreements with
McCulloch County, McCulloch County
Hospital District, and Lohn Independent School District. In total,
the economic impact is estimated at $36
million over the life of the project.
About Scout Clean Energy
Scout Clean Energy is a renewable energy developer and
owner-operator headquartered in Boulder,
Colorado with approximately 1,000 MW of operating
and under construction wind assets, and a pipeline of
over 19,000 MW of wind, solar and storage projects
across 22 states, including more
than 2,300 MW of advanced-stage projects. Scout has
expertise in all aspects of renewables project development,
permitting, power marketing, finance, construction, 24/7
operations, and asset management. For more information, please
visit www.scoutcleanenergy.com
About Brookfield
Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading
global alternative asset manager with over $850 billion of assets under management.
Brookfield invests client capital for the long-term with a focus on
real assets and essential service businesses that form the backbone
of the global economy. Brookfield offers a range of alternative
investment products to investors around the world — including
public and private pension plans, endowments and foundations,
sovereign wealth funds, financial institutions, insurance companies
and private wealth investors.
Brookfield operates Brookfield Renewable Partners (NYSE: BEP,
BEPC TSX: BEP.UN, BEPC), one of the world's largest publicly
traded, pure-play renewable power platforms, with approximately
31,800 megawatts of installed renewable energy capacity and a
development pipeline of approximately 143,400 megawatts of
renewable power assets, 14 MMTPA of carbon capture and storage, 2
million tons of recycled material and 4 million metric million
British thermal units of renewable natural gas production
annually.
CONTACT: Chad
Thompson
chad@scoutcleanenergy.com
901.331.0779
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SOURCE Scout Clean Energy