December 7 (Renewables Now) - Arizona not-for-profit public utility Salt River Project (SRP) has signed a power purchase agreement (PPA) for a planned 100-MW solar park at its home state with tech giant Intel Corp (NASDAQ:INTC).
The photovoltaic (PV) plant will be built in Eloy, Pinal County, by US solar and wind power producer sPower, which is a joint venture between The AES Corporation (NYSE:AES) and the Alberta Investment Management Corporation (AIMCo). Under the 15-year deal, announced by SRP earlier this week, computer chip maker Intel will use the solar-generated electricity to power its semiconductor manufacturing base in Chandler. Financial details about the contract were not provided.
SRP, which last month unveiled plans to add 1 GW of large-scale solar PV capacity to its network by end-2025, said that the project is in line with its goal to cut its carbon footprint by 33% by 2035. The utility is the largest electricity provider in the greater Phoenix metropolitan area.