Opdenergy safeguards PPA for Louisiana solar plant

Sep 23, 2022 10:09 AM ET
  • Under the bargain, the buyer will certainly obtain every one of the 302,000 MWh each year the facility will create
Opdenergy safeguards PPA for Louisiana solar plant
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The Louisiana Public Service Commission has actually allowed to Opdenergy to offer power from its project Elizabeth solar PV plant to Entergy Lousiana.

This approval stands for a brand-new landmark within the power acquisition agreement (PPA) associated with this project, which was signed at the end of 2021. As part of the agreement, Entergy Louisiana will certainly acquire 100% of the power produced by this project, which has an installed capacity of 160 MWdc, over a duration of 20 years.

Opdenergy continues to function to ensure the effective development of this new solar PV plant situated in Allen Parish, Louisiana and also anticipates to start building in early 2023, while the grid connection is expected during the first fifty percent of 2024.

As soon as functional, it is expected to produce regarding 302,000 MWh of clean power each year.

This new agreement supports the business's commitment to combine its visibility in the renewable energy market in this country. Opdenergy continues to proactively develop renewable properties in the United States, with its complete pipe of regarding 3GW in various stages of advancement throughout the nation.

Opdenergy has currently secured PPAs for more than 2.6 GW worldwide, of which greater than 300MW remain in the US. These PPAs cover the company's operating portfolio of 584MW as well as greater than 2GW of future projects, throughout the different nations in which it runs.

Luis Cid, Chief Executive Officer of Opdenergy, stated: "We are delighted to receive this authorization which will certainly allow us to perform the project as well as offer substantial advantages for Allen Parish, while contributing toward a much more sustainable future in Louisiana."

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