FAIRFIELD, N.J., June 26, 2024 (GLOBE NEWSWIRE) — Transparent Energy, a leader in transacting sustainable and traditional energy products, today announced it successfully consulted for White Cap, a leading distributor of specialty construction supplies and safety products for professional contractors with approximately 450 branches across North America. As a result of the engagement, which leveraged Transparent Energy’s process efficiency, developer relationships, and transactional expertise, White Cap signed a 10-year Virtual Power Purchase Agreement (VPPA), establishing the company as the primary offtaker of a new, greenfield solar project in Lamar, TX. This new solar facility is expected to reach commercial operations in 2025, generating ~170,000 MWh of sustainable electricity per year.Transparent Energy is the go-to resource for C&I companies and institutions for renewable and traditional energy procurement and advisory services. The company’s clients include large associations and automotive, crypto mining, cultivation, data center, distribution, education, financial services, healthcare, life sciences, manufacturing, private equity, real estate (REITS and property management), retail, and technology firms. With a proven process delivered by retail energy’s most experienced professionals and state-of-the-art online auction technology, Transparent Energy has driven hundreds of millions of dollars in operational savings for clients across North America. For more information, see www.transparentedge.com[email protected][email protected]
(GlobeNewsWire)