Engie signs 200-MW solar PPA with P&G in Texas

Engie North America Inc has inked a 200-MW solar power purchase agreement (PPA) with US consumer goods giant Procter & Gamble Co (NYSE:PG).

The PPA, the largest of its kind for P&G worldwide, is tied to the 250-MW Sun Valley Solar project in Hill County, Texas, the unit of French utility group Engie SA (EPA:ENGI) said on Tuesday.

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Scheduled to come into operation later in 2022, Sun Valley will deliver over 530,000 MWh of renewable power to P&G per year. This volume of power is enough to meet the needs of over 50,000 local homes.

"Partnering on new renewable power projects brings long-term, zero emissions renewable electricity on-line and is an important strategy to help us achieve our goal of purchasing 100% renewable electricity," said P&G Vice President Global Sustainability Jack McAneny.

The consumer goods giant is seeking to reach net zero greenhouse gas (GHG) emissions by 2040.

Engie pointed out that a portion of the Sun Valley site will be planted with locally appropriate vegetation in order to support the local agricultural ecosystem. In this regard, up to 1,500 head of sheep will also graze the site.