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AT&T Signs Agreement with DSD Renewables for 15.5 MW of Community Solar Power in New York
SCHENECTADY, N.Y. — May 9, 2023 — AT&T (NYSE:T) has signed an agreement with DSD Renewables (DSD) to serve as an anchor tenant subscriber for a five-project community solar portfolio in Upstate New York, offtaking 15.5 megawatts (MW) of the larger 24.1 MW portfolio. The portfolio is expected to generate 17.4 gigawatt-hours (GWh) of clean energy annually, delivering enough electricity to power over 2,000 homes each year and offset the equivalent of 12,331 metric tons of carbon dioxide.
AT&T is one of the largest corporate buyers of renewable energy in the country. This new agreement marks AT&T’s next step into community solar.
AT&T is one of the largest corporate buyers of renewable energy in the country, and is committed to being carbon neutral across its entire global operations by 2035. This new agreement marks AT&T’s next step into community solar, which will further the company’s efforts to meet its sustainability goals and save on energy costs while also supporting NY’s renewable energy initiatives and helping provide accessible renewable energy programs to local communities. AT&T’s subscription to these five projects is projected to offset approximately 61% of annual energy use.
“These projects offer a socially conscious and innovative way for large corporations like AT&T to reduce their carbon footprint while making a positive impact in the communities where they operate,” said Sarah Moon, Senior Director of Community Solar at DSD. “By continuing to support community solar programs, we’re able to help create cost-effective solutions that benefit big corporations and residents alike, providing clean, affordable energy to local communities.”
The community solar sites are located in Cortland (5 MW), East Syracuse (2.7 MW), Medina (2.5 MW), Utica (902 kW), and Swan Lake (4.4 MW). Four of the five sites are under construction, with the last project expected to start construction later this year.
“We strongly believe that corporations can play a key role in helping power the communities they serve, and this agreement is one way for AT&T to do just that,” said Shannon Thomas Carroll, AVP of Global Environmental Sustainability at AT&T. “By working together with developers like DSD, we’re able to explore solutions outside of on-site renewables that can help us reduce environmental impacts while also supporting local communities by making solar programs more accessible. It’s a win-win for AT&T and the people we serve.”
NRG is AT&T’s community solar advisor and assisted in the selection of DSD based on its community solar expertise and advanced project development status.
About DSD Renewables
DSD Renewables (DSD) is transforming the way organizations harness clean energy while building a more sustainable future. With unparalleled capabilities including development, structured financing, project acquisition and long-term asset ownership, DSD accelerates the deployment of renewable energy resources and creates significant value for our commercial, industrial, and municipal customers and partners. Backed by world-leading financial partners like BlackRock Real Assets and rooted in our founding at GE, our team brings a distinct combination of ingenuity, rigor, and accountability to every project we manage, acquire, own, and maintain. To learn more, visit DSDRenewables.com and connect with us on LinkedIn, Twitter, and Facebook.
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.
VP Marketing & Communications, DSD Renewables
Gregory FCA for DSD Renewables
AT&T Corporate Communications
P: (248) 205-0161
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