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Keysight Signs Virtual Power Purchase Agreement for Renewable Energy Development
January 24, 2025 | BUSINESS WIREEstimated reading time: 1 minute
Keysight Technologies, Inc., signed a virtual power purchase agreement (VPPA) with Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, to acquire renewable energy credits produced by a 39 MW portion of the Phase III expansion at the Millers Branch Solar Facility.
The VPPA allows Keysight to support renewable energy development, demonstrating Keysight’s commitment to mitigate the worst impacts of climate change. Phase III of the project, located in Haskell County, Texas, is expected to achieve commercial operation in the first quarter of Keysight’s fiscal year 2027.
Keysight’s portion of the project is estimated to generate renewable electricity equivalent to 100% of the company’s electricity consumption in the United States and Canada. This commitment will result in significant progress towards Keysight’s renewable electricity initiatives, near-term science-based target, and goal to achieve net zero greenhouse gas emissions in company operations by the end of fiscal year 2040.
Ingrid Estrada, Chief People and Administrative Officer at Keysight, said: “We are proud to support the development of new renewable electricity and reduce global greenhouse gas emissions. By signing our first VPPA, Keysight is taking a huge step in our sustainability journey, and we look forward to making continued progress in this space.”
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