Generate Announces Unique Partnership With Starbucks to Supply Clean Energy to Starbucks Stores and Provide Affordable, Green Power to Surrounding Communities With New York Community Solar Projects

Rhea-AI Summary

Generate announces the launch of the first six community solar projects in New York State, part of a multi-year collaboration with Starbucks. These projects aim to provide solar energy to Starbucks stores and benefit up to 24,000 households and businesses, especially in under-served areas. Annually, the initiative is expected to deliver over 119,885 MWh of clean energy, supporting Starbucks' goal of becoming a resource-positive company by 2030. The program also offers participants discounted electricity rates through New York's Community Distributed Generation program.

Positive

• Launch of first six community solar projects in New York State.
• Provides clean energy to Starbucks stores and up to 24,000 households.
• Annual delivery of over 119,885 MWh of clean energy.
• Initiative supports Starbucks' goal to reduce carbon emissions by 50% by 2030.
• Participants receive discounted electricity rates.

Negative

• None.

Generate, a leading provider of sustainable infrastructure, announced today that it has put the first six of up to 23 New York State community solar projects into service under an innovative multi-year facility with Starbucks Coffee Company. The projects are expected to supply solar energy for local Starbucks stores and up to 24,000 households, small businesses, nonprofits, churches, universities and stores in multiple geographies, including those designated as under-served communities. In addition to clean energy, program participants will receive a discount to their current electricity rates under New York State’s Community Distributed Generation program, making clean energy access more affordable.

A community solar project funded by Generate and Starbucks is providing 2.9 MWdc of clean energy and additional energy storage capacity in Dutchess County, New York. Source: Cypress Creek Renewables

The solar projects will provide more than 119,885 MWhs of clean energy to Starbucks New York stores and the surrounding community annually, supporting Starbucks’ multi-decade commitment to becoming a resource-positive company by storing more carbon than it emits and reducing carbon by 50% by 2030. Starbucks has committed $97 million of tax equity to the community solar projects, in an innovative collab

FAQ

What are the community solar projects announced by Generate and Starbucks?

The community solar projects are initiatives in New York State that aim to provide solar energy to Starbucks stores and support up to 24,000 households.

How much clean energy will the community solar projects provide?

The projects are expected to deliver over 119,885 MWh of clean energy annually.

What is Starbucks' commitment regarding carbon emissions?

Starbucks aims to reduce carbon emissions by 50% by 2030 and become a resource-positive company.

How will participants benefit from the community solar projects?

Participants will receive discounted electricity rates under New York's Community Distributed Generation program.

How much investment has Starbucks committed to these solar projects?

Starbucks has committed $97 million of tax equity to the community solar projects.