McDonald's Corp MCD:NYSE

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McDonald's, eBay Sign Solar Power Purchase Agreements for Lighsource bp Project in Louisiana

12:30PM ET 8/04/2021 MT Newswires
McDonald's (MCD) and eBay (EBAY) said Wednesday they have signed power purchase agreements with Lightsource bp, a UK-based renewable projects developer 50% owned by oil and gas giant BP (BP), to purchase power from its planned 345 megawatt Ventress Solar array near Baton Rouge, Louisiana.

Terms were not disclosed.

Construction of the the Ventress solar farm, which is expected to cost more than $300 million, is expected to begin "as early as the end of this year," the companies said, with the array slated to begin commercial operations in mid-2023. The power purchase agreements will help McDonald's and eBay meet their sustainability and climate goals, according to the companies' statement.

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