February 27 (Renewables Now) - Vassar College in New York will be buying 100% renewable electricity from EDF Energy, part of French utility EDF (EPA:EDF), under a power purchase agreement (PPA) becoming effective in July 2021.
The shift to 100% renewable electricity will come earlier than the college's target of 2022, Vassar director of sustainability, Micah Kenfield said in a statement last week. The agreement will help Vassar save over 2,500 metric tonnes of carbon dioxide (CO2) a year, which represents an almost 10% drop from the baseline year of 2005, Kenfield added.
Taking advantage of the current utility market conditions, Vassar has managed to secure a contract that will see its power bill fall below its current level.
The move supports the college's efforts to become carbon neutral by 2030. As part of that plan it will spend USD 3.65 million (EUR 3.4m) on an upgrade of the central boiler system to make it possible to start using mainly renewable fuel oil.
(USD 1.0 = EUR 0.914)