US-based National Grid Renewables has signed a PPA with Microsoft for the 250 MW Portage Solar Project in Portage County, Wisconsin. Construction is set to start in 2025, with operations expected to start by 2027. National Grid Renewables claims the project will generate millions in new tax revenue, local spending, and job creation, with its direct economic impact estimated to reach $88 million over the first 25 years. Additionally, the community will benefit from a unique charitable fund, contributing to social and environmental initiatives beyond the project’s tax revenues. As part of the agreement, National Grid Renewables will donate $20 million to a community fund managed by the Sustain Our Future Foundation, throughout the project’s life.
Microsoft, National Grid Renewables sign PPA agreement
The Portage Solar project is set to benefit Wisconsin communities with $88 million in new tax revenue, job creation, and landowner income over its first 25 years. (Image Source: National Grid Renewables)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)