EDF secures McDonald's as power offtaker of 255-MW solar park in Texas
- EDF Renewables The United States and Canada has authorized a virtual power purchase agreement (VPPA) with fast food titan McDonald's Corp (NYSE: MCD) that will sustain the construction of a 255-MW/332-MW DC solar park in Texas.
Specifically, McDonald's will certainly purchase electrical energy from the project being developed by the system of EDF Renewables, which is in turn part of France's EDF Team. The VPPA has a regard to 15 years, EDF Renewables claimed on Tuesday.
Planned to be set up in 2023-2024, the Apollo Solar farm is anticipated to create 619,000 MWh of electrical power yearly, or enough to fulfill the demand of greater than 1,200 of McDonald's restaurants in the US. The solar (PV) park is due to browse the web in June 2024.
The power off-take bargain was signed to support McDonald's sustainability objectives as well as advancement its commitment to climate activity. "Apollo Solar plays a significant duty in our science-based emissions decrease target for 2030 and also brings a significant quantity of new sustainable generation to the grid," claimed Elaine Strunk, Director Global Sustainability at McDonald's.
EDF Renewables approximates that the Apollo solar project will bring greater than USD 30 million (EUR 30m) in tax revenue during operational life, while the construction phase will open up around 300 jobs.
