Enel partners with Nestle to invest in Texas solar project
In Massachusetts, Enel North America said it has has partnered with Nestlé to be the sole tax equity investor for its 208 MWdc Ganado solar-plus-storage project in Jackson County, Texas. “Enel is proud to partner with the world’s largest food and beverages company to enable the addition of new clean power capacity in the United States,” said Paolo Romanacci, head of Enel North America’s renewable energy business, Enel Green Power. “Customers of all sizes are seeking clean energy projects to help reduce their emissions and use more renewable energy, whether through PPAs, direct retail electricity purchases, upfront tax equity investments or other tailored agreements. In addition to its direct investment, Nestlé will purchase 100% of the renewable electricity attributes generated by the project’s energy production, estimated to be an average of 333,000 megawatt hours per year for 15 years. This renewable electricity will help Nestlé reduce carbon emissions in many of its U.S. facilities. Enel’s Ganado solar-plus-storage project is expected to become operational in the second quarter of 2023.
