Renewable

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.

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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)