Candela, Naturgy break ground on 240-MW solar project in Texas
- Candela Renewables, an independent solar developer established by former First Solar Inc (NASDAQ: FSLR) executives, and its Spanish partner Naturgy Energy Group SA (BME: NTGY) have actually kicked off the building and construction of an up to 240-MW solar park in Texas.
The scheme is the very first one getting in building in the US as part of an existing collaboration, Candela said recently. As revealed at the beginning of 2021, Candela as well as Naturgy will certainly service a pipeline of 3.2 GW of solar and 2 GW of co-located battery energy storage projects, which the Spanish utility obtained via the purchase of solar and also storage platform Hamel Renewables LLC.
The 7V Solar Ranch solar (PV) park, with a straight current (DC) capacity of 300 MW, will certainly be set up throughout an 800-ha (1,982-acre) site in Texas' Fayette County and also will provide electricity to the ERCOT market. The required financial investment is estimated at EUR 264 million (USD 280m), Naturgy stated separately.
The project is readied to develop Naturgy's largest solar park globally, while it is additionally its first renewable energy scheme in the United States. The solar farm is due to browse the web prior to the end of 2023 as well as is anticipated to generate around 560 GWh of electricity every year.