SRP clinches 500 MW of solar PPAs

• Electric energy Salt River Project (SRP) on Thursday introduced it has contracted 500 MW of solar projects in Arizona, the bulk of which will certainly support the procedures of a local data centre planned by social media giant Facebook Inc (NASDAQ: FB).

SRP has authorized power acquisition agreements (PPA) with 3 counterparties that are suggesting to mount photovoltaic or pv (PV) ability in Arizona's Pinal County-- power generation team AES Corp (NYSE: AES), EDP Renewables The United States And Canada LLC as well as NextEra Energy Resources, the clean energy company of NextEra Energy Inc (NYSE: NEE). The ability is because of end up being operational in 2022 as well as 2023.

Facebook will be the biggest power off-taker of the projects with a dedication to acquire the outcome from 450 MW of the overall capability. The electrical power will most likely to its new information centre in Mesa.

Information regarding the PPAs and also the contracted projects are available in the table.

From the West Line solar park, Facebook will obtain only 50 MW, while power from the remaining 50 MW will be readily available to SRP's domestic as well as local business clients.

The 3 offers back SRP's objective to include 2,025 MW of new utility-scale solar to its system by the end of fiscal year 2025, which was recently expanded from an earlier 1,000-MW dedication.