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Verizon Invests $1 Billion Green bond Proceeds in Renewable Energy Development Projects.

Verizon Communications has allocated $1 billion from its recent green bond towards renewable energy investments, marking its fifth such bond issuance since 2019. The funds will support renewable energy purchase agreements in five states, covering almost 0.9 GW of capacity, with 53% from solar and 47% from wind energy. This move aligns with Verizon's goal to exceed 50% renewable energy consumption by 2025 and achieve 100% renewable energy usage by 2030. The company has entered into 27 REPAs, anticipating approximately 3.6 GW of renewable energy generating capacity. These initiatives are expected to avoid over 4.7 million metric tons of greenhouse gas emissions annually and facilitate the development of new wind and solar facilities in 15 states. Tony Skiadas, Verizon's Chief Financial Officer, emphasized the pivotal role of green bonds in the company's ambition to achieve net-zero emissions in its operations by 2035. As a significant player in renewable energy procurement and green bond issuance, Verizon remains committed to accelerating the transition towards a more sustainable U.S. electrical grid, thereby contributing to climate protection efforts. https://www.esgtoday.com/verizon-invests-1-billion-green-bond-proceeds-in-renewable-energy-development-projects/

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  • Ann Nyambura

    6 w

    Amaizing work

    3
    • Kevin

      6 w

      Verizon is shaping up to become a green investment leader .. Amazing work

      3
      • Esther Wanjiku

        7 w

        Verizon doing incredible channeling its bond money towards the green future

        5
        • Jane Wangui

          7 w

          It's nice seeing companies invest on things that really matter...it's our duty to save our planet before we all loose it .

          6
          • Felix mokaya

            7 w

            @jane_wangui Its green energy all the way .It is commendable on how companies are contented on investment of renewable energy .

            4
          • Saustine Lusanzu

            7 w

            Kudos to Verizon for the recommendable initiative in renewable energy

            5
            • George Kariuki

              7 w

              The $1 billion allocation demonstrates a substantial commitment to renewable energy and decarbonization efforts.

              6
              • Elizabeth Gathigia

                7 w

                Investing in clean energy is the way to go, its promising and gives hopes for restoration of the planet

                7
                • Chris Ndungu

                  7 w

                  Adulation to Verizon Company! that amount is lucrative and is amazing to see it dedicated to bring positive impact on renewable energy.

                  6
                  • We Don't Have Time

                    7 w

                    Dear Princess Your climate love has received over 50 agrees! We have reached out to Verizon by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

                    6
                    • Gorffly mokua

                      7 w

                      This is great news! This move demonstrates a commitment to reducing its carbon footprint .👏

                      6
                      • Felix mokaya

                        7 w

                        Good step taken by Verizon company to invest in renewable energy .This sets a good example to other communication sectors .It is renewable energy all the way

                        6
                        • walter lungayi

                          7 w

                          Verizon's investment in renewable energy development projects demonstrates a commitment to sustainability and a shift towards a greener future. This significant investment will contribute to the growth of renewable energy infrastructure, ultimately benefiting the environment.

                          6
                          • Joseph Githinji

                            7 w

                            @walter_lungayi this is a great contribution that deserves an accolade.

                            6
                          • Joseph Githinji

                            7 w

                            Verizon is a climate champion, investing in renewable energy is a noble venture that will catalyse the transition towards sustainability.

                            9
                            • dickson mutai

                              7 w

                              Quite a significant investment in sustainability. With a focus on avoiding greenhouse gas emissions and fostering new wind and solar facilities, they're playing a pivotal role in driving positive change

                              6
                              • Joseph Githinji

                                7 w

                                @dickson_mutai this is major step in steering sustainability.

                                5
                              • johnte ndeto

                                7 w

                                It's a worthwhile investment putting money on renewable energy

                                13
                                • zelda ninga

                                  7 w

                                  Good work to Verizon company in investing in renewable energy.

                                  14
                                  • Gorffly mokua

                                    7 w

                                    @zelda_ninga_442 Such promising commitments is what we need.💚

                                    6
                                  • Munene Mugambi

                                    7 w

                                    A move which is already paying off for Verizon's sustainability agenda. Surely more service providers have to embrace this strategy, as it seems to be working wonders for Verizon.

                                    6
                                    • Joseph Githinji

                                      7 w

                                      @munene_mugambi this is an interesting venture that more corporates should engage in.

                                      6
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