Could 23 (Renewables Now) – Candela Renewables, an unbiased photo voltaic developer based by former First Photo voltaic Inc (NASDAQ:FSLR) executives, and its Spanish accomplice Naturgy Power Group SA (BME:NTGY) have kicked off the development of an as much as 240-MW photo voltaic park in Texas.
The scheme is the primary one getting into development within the US as a part of an present partnership, Candela mentioned final week. As introduced firstly of 2021, Candela and Naturgy will work on a pipeline of three.2 GW of photo voltaic and a pair of GW of co-located battery vitality storage tasks, which the Spanish utility acquired by the acquisition of photo voltaic and storage platform Hamel Renewables LLC.
The 7V Photo voltaic Ranch photovoltaic (PV) park, with a direct present (DC) capability of 300 MW, will probably be put in throughout an 800-ha (1,982-acre) website in Texas’ Fayette County and can provide electrical energy to the ERCOT market. The required funding is estimated at EUR 264 million (USD 280m), Naturgy mentioned individually.
The challenge is ready to create Naturgy’s largest photo voltaic park globally, whereas it’s also its first renewable vitality scheme within the US. The photo voltaic farm is due to go surfing earlier than the top of 2023 and is anticipated to supply round 560 GWh of electrical energy yearly.
(EUR 1.0 = USD 1.061)