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Google Partners with EDPR NA DG to Support Over 80 Solar Projects in the US

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Representational image. Credit: Canva

Google and EDP Renewables North America Distributed Generation LLC (EDPR NA DG) have signed a framework agreement for over 80 distributed solar PV projects, with a total capacity of 500 MWAC, in low-to-moderate income (LMI) communities. The Clean Energy Financial Benefit Sharing Program aims to benefit over 25,000 families in the PJM Interconnection service area and will be funded, in part, through Google’s purchase of the ImpactREC™, a renewable energy credit (REC) certifying direct community investment and direct LMI benefit. The ImpactREC™ program provides similar economic benefits of community solar in jurisdictions currently lacking supportive legislation. Google’s partnership with EDPR NA DG will help reduce energy poverty in the communities where the projects are built and contribute to the company’s 24/7 carbon-free energy goal.

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In addition to the ImpactREC™ purchase, the program includes a $12 million community impact fund, focused on initiatives that reduce energy poverty in the communities where the projects are built. EDPR NA DG is committed to localized social and economic justice as part of the transition to a sustainable future. The partnership is the largest corporate sponsorship of distributed solar development in the United States, according to data from S&P Global and BloombergNEF.

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EDPR NA DG CEO Gustavo Monteiro said, “We are appreciative to Google for anchoring the ImpactREC™ and are looking forward to increasing participation throughout the compliance procurement community as our industry expands this product.” The partnership also includes an “open book” approach that will release the blueprints to the market in the coming weeks, with the intention to make the ImpactREC™ the defining incentive methodology to enable localized renewable development linked with environmental justice.

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The initiative is made possible, in part, due to the Inflation Reduction Act (IRA) passed in 2022, which includes landmark tax incentives for domestic energy production and manufacturing. The ImpactREC™ leverages these incentives to provide direct investment into communities throughout the Midwest and Northeast and enable economic benefits for LMI communities. The initial projects will be built in Ohio, where Google operates a data center campus in New Albany and Google Cloud region in Columbus.

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