CVS in pact with Constellation to procure renewable energy
Justin Paget

CVS Health (NYSE:CVS) announced an agreement with electricity supplier Constellation Energy Corporation (NASDAQ:CEG) on Wednesday to purchase 18 megawatts of solar energy annually.
The procurement is equivalent to the annual power usage of 147 outlets located throughout Michigan, CVS (CVS) said.

Per the terms, CVS (CVS) will purchase energy and renewable energy certificates from Swift Current Energyâs Double Black Diamond Solar Project in Illinois as part of a 12-year agreement with Constellation Energy (CEG).
Swift has a long-term agreement with CEG to supply a share of energy and RECs from the Double Black Diamond project, the construction of which began in March.
35K megawatt hours of solar energy will help the company cut its carbon footprint associated with its energy use by nearly 17K metric tons per year, CVS (CVS) said, adding it is equivalent to annual emissions of almost 3.8K gasoline-powered passenger vehicles.


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