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EDF Renewables signs 55MW PPA with BASF

EDF-Renewables-signs-55MW-PPA-with-BASF.

EDF Renewables North America announced Monday it had signed a Power Purchase Agreement (PPA) with the chemical company BASF Corporation. Through this contract, EDF Renewables will deliver 55 megawatts (MW) / 73 MWdc of power to BASF using its Space City Solar Project.

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EDF Renewables: Space City Solar Project

EDF Renewables North America announced Monday the Space City Solar Project is progressing in its development. The company signed a new PPA with BASF, which comprehends the first tranche of 55 MW. The project’s total capacity is expected to be up to 345 MW / 455 MWdc.

Space City Solar (345 Mwac), located in Wharton County, Texas, is expected to start construction in 2021 and become operational by 2022.

Matt McCluskey, Vice President for South Region Development at EDF Renewables, told Business Wire, “Space City Solar will provide an economic boost to the local economy through construction jobs, local spend and an expanded tax base.”

In this regard, approximately 300 jobs are expected to be created during the project’s construction phase, with more than $30 million generated in new tax revenue for Wharton County taxing entities.

Besides providing stable payments to local landowners who chose to lease their land, the Louise Independent School District has the ability to receive $2.5 million in revenue.

Such ability includes $1.8 million in the first year of operation, thus providing the district enact a Chapter 313 Agreement by December 31, 2020.

Objectives

The Space City Solar project is being designed to generate clean energy while minimizing impacts on habitat, wildlife, and other environmental resources. In this regard, the project will utilize high efficiency bifacial solar photovoltaic (PV) modules.

“This transaction demonstrates EDF Renewables’ continued commitment to helping corporate customers meet their wholesale power supply needs and sustainability initiatives,” said McCluskey.

“Space City Solar will provide an economic boost to the local economy through construction jobs, local spend, and an expanded tax base.”

EDF Renewables has 35 years of experience and 16 gigawatts of renewable projects developed throughout North America. The utility provides a fully integrated bundle of energy solutions from solar, solar plus storage projects, grid-scale wind, energy storage management, and electric vehicle charging.

Therefore, the company is a market independent power producer and service provider with 35 years of renewable energy expertise.

It delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize the performance of generating projects.

The company’s North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts.

BASF Corporation is the North American affiliate of the Germany-based company, BASF SE. the chemical Company has more than 20,000 employees in North America and had sales of $19.7 billion in 2018.

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