Mitsui device to purchase power from big SB Energy solar project in Texas
- SB Energy, a renewables platform of Japanese empire SoftBank Group Corp (TYO:9984), has signed a long-term power acquisition agreement (PPA) with a subsidiary of fellow-Japanese trader Mitsui & Co Ltd (TYO:8031), protecting an off-taker for a part of the 418-MWp Juno solar farm in Texas.
Juno, located in Borden County, will provide a few of its power to Mitsui's Houston, Texas-based energy marketing and also services business Mitsui as well as Co Energy Marketing and Services USA Inc (MEMS), under the agreement.
Revealing the PPA in a news release on Friday recently, SB Energy stated that Juno is due to begin full business ramp-up this month.
The Juno plant will also provide power to Lower Colorado River Authority (LCRA), which was called as one of two off-takers in SB Energy's announcement in late 2019.
At the time, the business said it had actually accepted get a 1.7-GW solar portfolio of 5 projects, including Juno, in Texas and The golden state.
As of late May 2021, SB Energy closed the funding for all of the projects and initiated construction.
Juno is the initial to accomplish industrial procedures, as well as will be followed by the remaining 4 over the following 7 months, SB Energy included.