DE Shaw inks power play for 350MW Louisiana PV

• 3 projects at 150MW each are arranged to go into commercial procedure at the start of 2024

DE Shaw Renewable Investments (DESRI) has actually signed three solar offtake agreements with Entergy Louisiana for 350MW of capacity in the southerly United States state.

The solar centers will certainly be developed under power acquisition agreements (PPAs) or develop transfer agreements with ELL to increase its growing renewable energy portfolio in the area.

The three projects are scheduled to supply brand-new clean solar power to ELL and its Louisiana consumers beginning in 2024.

The Vacherie solar farm will be a 150MW center in St James Parish.

The SJ Louisiana solar project will be a 150MW facility in St James Parish, adjacent to Vacherie.

The Sunlight Road solar project will be a 50MW solar facility in Washington Parish.

Vacherie and also SJ Solar will certainly be DESRI's second and also third solar facilities in St James Parish, adhering to the 20MW St James solar project.

Sunlight Road will certainly be DESRI's 2nd solar facility in Washington Parish, following the 50MW Iris solar project.

" DESRI is pleased to companion with Entergy Louisiana on these three solar facilities, which bring the collective total amount of our renewable energy projects with Entergy over 400MW," said Hy Martin, primary advancement policeman of DESRI.

" Proceeding our long-standing collaborate with Entergy, these projects will give inexpensive energy to Louisiana homeowners and also create local economic advancement advantages as the state comes to be a national leader in the brand-new power economy."

" DESRI has actually been a wonderful partner of Entergy as well as our goal to supply clean, inexpensive as well as trusted services to our customers," stated Phillip May, Entergy Louisiana president and CEO. "We expect prolonging that collaboration on three even more projects throughout our state as well as to assist our neighborhoods succeed for generations ahead."

When the projects are functional, DESRI will be the long term proprietor and operator of Vacherie and Sunlight Road, while ELL will certainly take possession of SJ Solar.