Matrix Renewables, Hyundai sign 147MW solar PPA in Texas

The Stillhouse Solar project in Texas, US is expected to begin commercial operations in H2 2025. Image: Matrix Renewables.

Spanish developer Matrix Renewables has signed a 147MW solar power purchase agreement (PPA) with Korean automaker Hyundai Motor Group in Texas, US.

The power for the offtake agreement will be provided by the 284MW Stillhouse Solar project located in Bell County, which is expected to begin commercial operations in the second half of 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Sung Hwan Bae, VP and head of corporate business planning team at Hyundai Motor Group, said: “As a smart and sustainable mobility solutions provider, we will further pursue environmental efforts and expand renewable energy solutions into our worldwide facilities.”

Although Matrix Renewables did not disclose what modules it will use to build the Stillhouse Solar project, last year it secured a 2.1GW module supply agreement with cadmium telluride thin-film manufacturer First Solar for projects in the US and Spain.

In the US, the Spanish developer has a portfolio of more than 6.7GW projects in operation and various stages of development across four regions: California Independent System Operator (CAISO), Midcontinent Independent System Operator (MISO), Electric Reliability Council of Texas (ERCOT) and Western Electricity Coordinating Council (WECC).

Three of these markets – CAISO, MISO and the West (non-ISO) – have the most solar capacity queued up as of the end of 2023, with 150GW+ for each.

In its home country of Spain, the developer recently secured €179 million (US$191 million) in financing for a 239MW solar PV portfolio of projects located in the central regions of Extremadura and Castille and León.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

May 24, 2024
Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.
May 24, 2024
US power distribution company Entergy Louisiana has received approval from the Louisiana Public Service Commission (LPSC) to add up to 3GW of solar PV.
May 24, 2024
US independent power producer Pivot Energy and electric vehicle (EV) manufacturer Rivian have partnered to build 60MW of community solar in Illinois, US.
May 23, 2024
Spanish firm Acciona Energía has commissioned its 458WM Red-Tailed Hawk PV project in the US state of Texas.
May 23, 2024
The flurry of recent tariff changes for solar imports to the US is likely to make products from Southeast Asia less attractive to buyers, according to renewables analysis firm Clean Energy Associates (CEA).
May 22, 2024
US utility-scale service provider Cleanleaf Energy has signed 350MW of operations and maintenance (O&M) services in the US.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece