December 3 (Renewables Now) - NextEra Energy Resources (NYSE:NEE) has kicked off construction on a 100-MW solar park in Arkansas that will surpass the state’s largest operational photovoltaic (PV) plant.
The Chicot Solar Energy Centre will be installed near Lake Village in Chicot County, using around 350,000 PV panels that will be able to generate electricity for more than 18,000 homes. Once completed, it will operate under a 20-year power purchase agreement (PPA) with utility Entergy Arkansas (NYSE:ETR), the latter announced on Monday.
The project is being developed by a subsidiary of NextEra Energy Resources, which will also be its owner and will take care of the power plant’s construction and operation. Around 11 months will be needed to complete the solar park’s construction, during which up to 150 jobs will be created.
The Chicot Solar Energy Centre is estimated to bring nearly USD 7 million (EUR 6.3m) in revenues to Chicot County over its operational life.
(USD 1.0 = EUR 0.903)