Starbucks Buys Aggregated Wind and Solar Portfolio With Help From LevelTen

By [email protected] Starbucks announced another large-scale renewables deal Wednesday, with enough power to supply 3,000 of its U.S. stores. The portfolio, encompassing 146 megawatts of wind and solar, draws from three different plants located in three states.

LevelTen Energy, the renewable energy marketplace that brokered the deal, said the transaction’s portfolio approach is a first in the industry.

“Starbucks is setting an important precedent in the corporate energy procurement space by demonstrating how a single offtaker can safely and easily procure shares of renewable energy from a variety of new wind and solar projects,” said Bryce Smith, LevelTen’s CEO, in a statement.

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