- Press Releases
September 1 (Renewables Now) - Utility-scale solar developer Candela Renewables has signed an agreement with Google LLC concerning a 140-MW power purchase agreement (PPA) for solar electricity in Texas.
The contract will see Candela develop a photovoltaic (PV) project that will provide electricity within Texas’ ERCOT power grid and facilitate an off-take deal with the Internet giant, Candela said on Monday.
The agreement is part of Google’s commitment from last year to invest around USD 150 million (EUR 125.2m) in renewable energy projects across its key manufacturing regions as part of a broader sustainability plan. The search engine specialist also unveiled a plan for a massive purchase of up to 1.6 GW of renewable power through 18 deals.
According to the statement, Candela has a portfolio of over 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage. The company was set up in 2018 by former First Solar executives.
(USD 1.0 = EUR 0.834)