February 12 (Renewables Now) - Portland General Electric (NYSE:POR) has entered into a power purchase agreement (PPA) with the renewables arm of Avangrid Inc (NYSE:AGR) for a 162-MW solar project in Oregon.
The utility will get the electricity produced by the photovoltaic (PV) park that will be built in Oregon’s Gilliam County and become the state’s largest solar complex. The related renewable energy credits are also part of the 15-year deal, Portland General Electric said on Tuesday.
Avangrid Renewables LLC will develop and own the solar project that will be installed on 1,200 private lands, expecting to commence construction late this year or in early 2021. The power plant will go live at end-2021 and generate enough electricity to supply around 40,000 homes a year.
The output and REC’s will go to customers enrolled in Portland General Electric’s Green Future Impact programme, which already includes clients such as software giant Adobe (NASDAQ:ADBE) and Daimler Trucks North America. The scheme’s goal is to help large businesses and municipalities meet their sustainability targets.