Boston Scientific (NYSE:BSX) announced today that it signed a virtual power purchase agreement (VPPA) in its effort toward global carbon-neutral manufacturing and distribution by 2030.
The Marlborough, Mass.-based company struck the agreement with Clearway Energy Group with a plan to address the electricity load for its U.S. operations, which totals 45% of its total carbon footprint.
“Building on more than a decade of work to reduce our carbon footprint, this 42 megawatt (MW) solar deal equates to approximately 120,000-megawatt hours of renewable electricity annually,” Boston Scientific manufacturing & supply chain senior VP Brad Sorenson said in a news release. “As a result of the agreement, Boston Scientific will offset emissions equivalent to removing more than 34,000 passenger vehicles from the road, or the amount of electricity needed to power more than 18,000 homes each year.”
Boston Scientific also subscribed to a portion of a 12.9-megawatt community solar portfolio in Massachusetts with the intent of driving demand for renewable energy and increasing access to local clean electricity across the state. Clearway Energy Group also developed the community solar project.
The company said in the release that it operates more than 4 million square feet of independently certified green real estate globally. Since 2009, it has reduced greenhouse gas emissions by 76,000 metric tons, according to the release.