April 24 (Renewables Now) - Texas-based 7X Energy Inc on Tuesday announced the signing of a power purchase agreement (PPA) for part of its 690-MWp Taygete solar project in Texas.
This is the second PPA for the project, through which the developer has secured off-takers for the plant’s entire output. The generated electricity will be purchased by two large unnamed corporate entities in SolarBlocks, a product offered by 7X Energy.
The USD-650-million-plus (EUR 579.5m) Taygete solar farm will be installed in Pecos County, with construction of its first phase slated to begin in the third quarter of this year. Building works as part of the second phase are planned to be launched in the first three months of 2020. According to 7X Energy, the complex will be the largest one of its kind in Texas and the fifth largest PV park in the US, once completed.
During the peak construction period, the PV project is seen to provide nearly 500 jobs. This will be 7X Energy’s third solar scheme in Texas.
(USD 1.0 = EUR 0.892)