DESRI inks offtake for 240MW United States solar

• Dolet Hills project will be just one of the biggest PV plants in the state of Louisiana when functional

DE Shaw Renewable Investments (DESRI as well as Cleco Power have actually signed a long-lasting renewable resource offtake arrangement for a 240MW solar plant in the US state of Louisiana.

The Dolet Hills Solar project will be built at the lately retired Dolet Hills lignite-fired nuclear power plant in DeSoto Parish.

Pending project authorizations, Dolet Hills will certainly be just one of the largest solar facilities in Louisiana and also will certainly represent more than $250m in financial investment.

While Dolet Hills Solar is the first power purchase agreement between the business, DESRI's portfolio in Louisiana will currently complete nearly 700MW in building and also acquired clean power projects.

" DESRI is proud to provide inexpensive, clean, reputable power to Cleco as well as its consumers from this spots solar power facility," claimed Hy Martin, Chief Development Officer of DESRI.

" Alongside our partners at Cleco, the project will offer regional financial advantages to DeSoto Parish and also the surrounding neighborhoods for many years to find. Additionally, the project will change lignite-fired electrical energy with eco-friendly power sited on redeemed mining lands."

The solar project sustains Cleco's expanding renewable resource fleet and also follows the firm's current news of Project Diamond Vault, a carbon capture center at its main Louisiana Brame Energy Center.