EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), and Bristol Myers Squibb have executed a 15-year power purchase agreement (PPA) for a 60 MW portion of the 240 MW Cattlemen Solar Park in Milam County, central Texas.
The agreement will enable EDP Renewables North America to further develop Cattlemen Solar Park, which has an estimated capital investment of approximately US$280 million and is anticipated to be operational in 2023.
The project is expected to save approximately 304 million gallons of water a year, which is the amount of water that would be needed by conventional generation sources to produce the same amount of capacity as the solar park.