EDF Renewables signs PPA with BASF for Texas solar project

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: EDF Renewables

Chemicals company BASF has signed a power purchase agreement (PPA) with EDF Renewables North America to acquire 55MWac/73MWdc of energy from a solar plant in Texas, US.

The Space City Solar project will be located in Wharton County, Texas, and will use bifacial solar PV modules. The Louise Independent School District, which is leasing land for the project’s development, could earn US$1.8 million in tax revenue in the project’s first year of operation if the district enacts a state-specific tax relief clause by the end of 2020. The project is also expected to create US$30 million in tax revenue for Wharton County entities.

EDF Renewables is set to break ground on the Space City Solar plant in next summer, and bring it online the following year. It will have a total capacity of 345MWac/455MWdc on completion.

Matt McCluskley, vice president of southern region development for EDF Renewables, said the deal will “provide an economic boost” to Wharton County while tapping into the rising demand for corporate solar power contracts.

Corporate renewables PPAs have continued to gather pace this year as the solar industry gradually moves away from a subsidy-based business model. Corporate renewable PPAs in Australia, for example, are set to reach record levels this year, according to Business Renewables Centre Australia. Research published by the group this month shows that governments and businesses have invested AUD$2.4 billion (US$1.78 billion) and bought more than 1GW of green energy in the country.

Texas is also becoming a US “leader in solar energy”, according to the Solar Industries Association, with more than 4GW of capacity to be installed over the next five years. Multinationals such as Nestle, Starbucks and McDonald’s have also signed PPA agreements to power their outlets and warehouses in Texas within the past year. EDF itself is currently developing and procuring PPAs for another solar farm in Texas after acquiring a pipeline of 20 projects across 13 states and the District of Columbia from developer Greenex in October.

McCluskey said the company’s new deal with BASF shows a “continued commitment to helping corporate customers meet their wholesale power supply needs and sustainability initiatives.”

Read Next

May 13, 2021
The solar module manufacturing subsidiary of Italian utility Enel is aiming to scale up annual production capacity to 3GW in the second half of 2023, the company has confirmed.
May 10, 2021
Tutly Solar, French energy giant Total Eren’s subsidiary in Uzbekistan, has been awarded an €87.4 million US$106.32 million) loan package to develop a utility-scale solar PV system in the country.
May 6, 2021
A round-up of project updates from the US, including progress from EDF Renewables in New York, LS Power's country-wide project acquisition, and a string of investments from Dominion Energy Virginia.
PV Tech Premium
May 3, 2021
Companies are purchasing solar, wind, and other forms of renewable energy more than ever before. The power purchase agreement (PPA) market in Europe has grown to a cumulative capacity of over 12GW, with a record 4GW signed in 2020. Corporate climate commitments are opening doors for investment in renewable energy, and continued price declines are convincing companies to sign new contracts. Is the European market ready to fulfil its potential? By Dr. Mercè Labordena, senior policy advisor at SolarPower Europe, and Milena Koot, communications advisor at SolarPower Europe
April 28, 2021
Renewable energy group BayWa r.e. has opened what it claims is its largest PV warehouse in Europe yet in a bid to expand its distribution network in the continent.
April 22, 2021
A round-up of the latest news from the US solar sector, including distributed solar specialist SunPower's return to large-scale power systems, panel maker Maxeon's share offering, and developer National Grid Renewables' PPA with Hershey, Home Depot and NRG.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021