Leeward Renewable Energy signs PPAs with Verizon for 360MW of solar
- Renewables designer as well as driver Leeward Renewable Energy has actually signed power acquisition agreements (PPAs) with telecom company Verizon for a portfolio of four under-development solar and also wind plants in the US with an incorporated capacity of 640MW.
PV projects included in the offer are the 200MW Horizon Solar installation, on which construction is because of start in September in Frio County, Texas, and also be finished by the end of 2023, and the 160MW White Wing Ranch Solar farm in Yuma County, Arizona, which is expected to be totally created prior to July 2024. Both projects will feature thin-film modules from First Solar.
All 4 projects in the portfolio-- which also includes two wind farms totalling 280MW-- are backed by 15-year PPAs in between Leeward and Verizon as part of the telecom firm's efforts to be internet zero in its functional emissions (scope 1 and also 2) by 2035.
The bargain adheres to Verizon signing PPAs early last year for 845MW of solar capacity with Lightsource bp, Invenergy, EDF Renewables and NextEra Energy Resources.
Verizon has additionally previously penned PPAs with Leeward for the 196MW Big Plain PV plant in Ohio and the 100MW Oak Trail solar farm in North Carolina.
Leeward Renewable Energy is a subsidiary of OMERS Infrastructure, an investment arm of OMERS, a significant Canadian pension plan fund.
Having gotten a 10GWac utility-scale solar growth platform from First Solar early last year, Leeward currently has as well as runs a portfolio of 22 renewables facilities amounting to 2GW throughout 9 US states.
