McDonald's Signs Second Solar-Energy Agreement with Lightsource
February 16 2023 - 1:13PM
Dow Jones News
By Sabela Ojea
McDonald's Corp. said Thursday it is investing in a U.S solar
energy facility and buying the solar energy it generates.
The fast food chain said it has signed its second solar-energy
deal with London-based solar developer Lightsource bp to develop
the facility, called the Prairie Ronde Solar project, in St.
Landry, La.
Lightsource will be in charge of financing, building, owning and
operating the facility, which is expected to produce annually about
327,000 megawatt-hours, or 630 restaurants' worth of renewable
electricity, McDonald's said.
McDonald's expects construction to begin early this year and
commercial operations to begin in late 2024 at the facility.
The project has received funds of at least $170 million and is
projected to create about 250 construction jobs over a year and a
half, McDonald's said.
"Prairie Ronde Solar will contribute to our climate aspirations
while adding a considerable amount of new renewable generation to
the grid," McDonald's director of global sustainability Elaine
Strunk said.
In August 2021, McDonald's signed a previous deal with
Lightsource to build and purchase power from a 345-megawatt solar
energy facility, the Ventress Solar project, in Pointe Coupee
Parish, La.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 16, 2023 12:58 ET (17:58 GMT)
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