Aisin Corp Signs VPPA for 50 MW from Texas Solar Plant

• Aisin Corp, a Japanese automotive parts supplier, has partnered with Greenalia to reserve 50 MW of energy from Texas' Misae II solar project. Greenalia will generate 130 GWh of electricity annually for Aisin's North American unit, 18% of the project's capacity. Misae II is expected to be operational by late 2025 and could expand up to 695 MWdc.

Japanese automotive parts supplier Aisin Corp has signed a VPPA with Spanish renewables developer Greenalia to reserve 50 MW of capacity from the Misae II solar project in Texas for its operations in North America. Greenalia will generate around 130 GWh of electricity per year on behalf of Aisin’s North American unit, amounting to 18% of the project’s nameplate capacity. The Misae II solar farm is expected to become operational in late 2025 and has plans to expand to a maximum 695 MWdc. A month ago, Greenalia announced a VPPA with another motor vehicle parts manufacturer for the same project.

What Benefits Does Aisin Corp Receive from Greenalia's Misae II Solar Project?

• Aisin Corp receives a reliable, long-term source of clean energy from the Misae II Solar Project
• Aisin Corp receives around 130 GWh of electricity per year, which amounts to 18% of the project’s nameplate capacity
• Aisin Corp can take advantage of the environmentally-friendly nature of the Misae II Solar Project, helping to reduce their carbon footprint
• Aisin Corp will not have to invest in any infrastructure to receive the energy from Misae II Solar Project
• Aisin Corp can benefit from the VPPA agreement with Greenalia, which will allow them to purchase the energy at a fixed price over the course of the contract, helping to reduce risk associated with energy price fluctuations
• The Misae II Solar Project is expected to become operational in late 2025, giving Aisin Corp access to clean energy in the near future