Recurrent Energy signs deal for 100 MW of solar energy in Texas with industry consortium
In Canada, Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc., announced that it has signed an aggregated virtual power purchase agreement with EMD Electronics, Biogen Inc., Wayfair Inc., Autodesk, Inc. and a large healthcare company for 100% of the production capacity of the Liberty Solar project.
Recurrent Energy is currently developing the 100 MWac solar project in Liberty County, Texas, around 50 miles from Houston. The project is expected to be operational in 2024.
Liberty Solar will expand solar energy capacity in the Midcontinent Independent System Operator (MISO) region, which includes most of Liberty County where Liberty Solar is located.
Shawn Qu, Chairman and CEO of Canadian Solar said: “Recurrent Energy is pleased to advance one of the largest peer-buyer organized corporate virtual power purchase agreements with this consortium of customers. We appreciate Sustainability Roundtable Inc. for bringing these five companies together to help enable Recurrent Energy’s 100 MWac Liberty Solar project with 16-year contracts.”
