Nucor to buy power from 250 MW solar project in Texas

Nucor Corporation has signed a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 megawatts (MWac) of new solar energy in Texas. The agreement, which will enable EDFR to add more clean energy to the region's power grid, is Nucor's first VPPA and the largest of its kind for the steel industry.

Construction on EDFR's solar project is expected to begin in the summer of 2022 with the production of electricity estimated to begin in 2023. Once completed, the expected annual output of the solar facility will be the equivalent of the electricity consumed by nearly 50,000 average Texas homes.