Public Utility Commission allows GlobalFoundries to set up its own electric utility

Under its agreement with the Conservation Law Foundation, GlobalFoundries committed to build a 5-megawatt solar facility in Essex Junction and to comply with Vermont’s environmental laws — in particular, the state’s renewable energy standard, which requires utilities to obtain more and more of their electricity from renewable sources.

“This agreement makes sure that GlobalFoundries does its part to reduce climate pollution, advance energy efficiency, and transition to clean, renewable energy,” said Elena Mihaly, vice president of Conservation Law Foundation Vermont, in a statement.

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