Fifth Third plans to be powered by 100 percent renewable energy

Cincinnati-based Fifth Third Bancorp recently became the first bank and first Fortune 500 company “to contract for 100 percent renewable power through a single new project,” The Toledo Blade reports. The company announced a power purchase agreement that will result in the construction of a $200-million, 80-megawatt solar project in North Carolina, which will generate about 194,000 megawatt hours of electricity annually. That will reduce greenhouse gas emissions by 144,000 metric tons each year, equivalent to emissions produced by 30,800 passenger cars or 21,600 homes. Scott Hassell, Fifth Third’s vice president and director of environmental sustainability, said the company has been working for years to increase sustainability and energy efficiency. For more, read the full article

Energy Efficiency, Environmental, Renewable Energy