NextEra signs 310MW Texas PPA with INEOS Group

Facebook
Twitter
LinkedIn
Reddit
Email
The Cool Springs Solar Energy Center in Bainbridge, Georgia. Image: NextEra Energy Resources.

Petrochemical company INEOS Olefins & Polymers USA has signed a power purchase agreement (PPA) with a subsidiary of NextEra Energy for a 310MW solar project in north central Texas.

INEOS USA, a subsidiary of London-based INEOS Group, one of the largest chemical companies in the world, will offtake the entirety of the power produced at the Bosque County solar project. The company said the power is expected to “cover the net purchased electricity load” of its 14 manufacturing, fractionation and storage facilities across the US.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Construction on the project is expected to commence in early 2024, with operations set to begin by the end of 2025. It is expected to produce 730,000MWh of energy a year.

CEO of INEOS, Mike Nagle said: “INEOS O&P USA seeks to be a bellwether of what the petrochemical community can do to adopt renewable energy among its long-term energy demands, and this is one of many important steps being taken globally to reduce the carbon footprint of all the INEOS businesses.”

“We commend INEOS for taking a leading role in decarbonizing the petrochemical industry,” said Matt Handel, senior vice president of development for NextEra Energy Resources.

Texas has seen a number of large-scale PPAs in recent months. Fast food giant McDonald’s signed a 332MW virtual PPA with EDF Renewables, for power produced at the Apollo solar project in Texas to offset the fast food chain’s US emissions. Google also recently signed a 942MW PPA with SB Energy to fuel a data centre in Midlothian, Texas, with power produced at four solar plants.  

Last month, NextEra Energy received a US$805 million investment from the Ontario Teachers’ Pension Plan Board to develop a 2GW US portfolio. The company reported notably high revenue in Q3 2022, banking US$1.7 billion and saying that it plans to target a further 2.4GW of assets through the incentives afforded by the Inflation Reduction Act.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 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.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 10, 2025
Renewables developer rPlus Energies has secured US$100 million in tax equity financing for its 125MW solar PV plant in the US state of Idaho.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.
September 10, 2025
Voltalia is seeking compensation for the ongoing curtailment of its Brazilian solar and wind fleet, which has exceeded expectations this year.
September 10, 2025
Japanese solar cell manufacturer Toyo Solar has sold 1.6GW of solar PV cells in the first half of 2025, driving revenue of around US$139 million.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines