Benzinga | Jan 4, 2022 07:02AM EST

Brunswick Inks Power Purchase Agreement With Vesper Energy

* Brunswick Corp (NYSE:BC) has entered into a virtual power purchase agreement (VPPA) with Vesper Energy for clean solar energy to offset a majority of the projected electrical power needs.

* Under the multi-year agreement, Vesper will deliver an estimated 57MW of renewable energy annually to the North American grid.

* The solar energy will be generated from Vesper's 500 MW Hornet Solar project in Texas, expected to be fully operational by the end of 2023.

* Brunswick expects the commitment to diversify its renewable energy portfolio.

* Price Action: BC shares closed lower by 0.36% at $100.37 on Monday.