Candela, Naturgy break ground on 240-MW solar project in Texas

Solar panels. Featured Image: pornvit_v/Shutterstock.com

May 23 (Renewables Now) - Candela Renewables, an independent solar developer founded by former First Solar Inc (NASDAQ:FSLR) executives, and its Spanish partner Naturgy Energy Group SA (BME:NTGY) have kicked off the construction of an up to 240-MW solar park in Texas.

The scheme is the first one entering construction in the US as part of an existing partnership, Candela said last week. As announced at the start of 2021, Candela and Naturgy will work on a pipeline of 3.2 GW of solar and 2 GW of co-located battery energy storage projects, which the Spanish utility acquired through the purchase of solar and storage platform Hamel Renewables LLC.

The 7V Solar Ranch photovoltaic (PV) park, with a direct current (DC) capacity of 300 MW, will be installed across an 800-ha (1,982-acre) site in Texas’ Fayette County and will supply electricity to the ERCOT market. The required investment is estimated at EUR 264 million (USD 280m), Naturgy said separately.

The project is set to create Naturgy’s largest solar park globally, while it is also its first renewable energy scheme in the US. The solar farm is due to go online before the end of 2023 and is expected to produce around 560 GWh of electricity annually.

(EUR 1.0 = USD 1.061)

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