OwnEnergy has entered into a long-term Power Purchase Agreement (PPA) with Yahoo! to purchase wind power which will be used to offset Yahoo’s energy usage in the Great Plains region.
Yahoo is working to expand the use of renewable energy, and its involvement in this project will enable the company to generate both local jobs as well as financial upside for members of the Rush County community, said, Jacob Susman, founder, CEO, OwnEnergy.
OwnEnergy’s business model tackles the entrepreneurial spirit of farmers and landowners across the United States, providing them with economic opportunities, operational resources and industry expertise to develop a source of renewable energy, said Susman.
OwnEnergy partners with various energy entrepreneurs to develop wind projects and their local partners provide an active role in project development and receive a share of project ownership in return.
Yahoo is a committed, environmentally responsible company. Driving the development of cleaner and renewable sources of power is an important piece of the sustainability strategy. This partnership is a great opportunity to improve Yahoo’s energy sustainability while contributing to the community in Rush County and across the region, said, Chris Page, global director, Energy and Sustainability Strategy.
Meanwhile, Yahoo is one of the first technology firm to adapt this kind of community-centric partnership model, a trend setting for corporate purchasers to buy wind directly from wind farms.
Rajani Baburajan
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