US-based Clearway Energy Group has closed financing and started construction on the Pine Forest projects in Hopkins County, Texas, which consist of a 300 MW solar project and a 200 MW standalone energy storage system. Clearway partnered with a consortium of banks for this financing, including Société Générale, ANZ, BBVA, Commerzbank, KeyBanc Capital Markets, and Lloyds Bank. This $665 million investment is expected to provide clean energy for over 90,000 homes. Dell Technologies and Universal Corporation have both signed long-term power purchase agreements (PPAs) to support their renewable energy goals. Dell’s contract will meet most of its US energy needs and contribute to its sustainability targets, while Universal will offset 100% of its electricity usage in the US. Set to begin commercial operations in 2025, the project will support 350 construction jobs and is expected to contribute more than $58 million in property taxes over the next 20 years.
Clearway Energy launches 300 MW PV project in Texas
The Pine Forest projects will produce enough energy to power 90,000 homes and will contribute $58 million in property taxes over 20 years. (Image Source: ClearWay)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)