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)
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)