PPA signed for 200 MW Solar PV Project in USA
Toyota Motor North America Inc. has signed a power purchase agreement with Savion for the 100 MW of electricity to be generated by Martin County Solar Project in kentucky, USA.
The US$231 million solar project will power up to 33,000 local homes. It is developed on approximately 1,200 ac on the old Martiki mine site and connected to Kentucky Power’s 138-kilovolt Inez Substation.
Toyota's purchase of the electricity generated from the project will help reduce the company's carbon footprint in North America. The automaker's move is consistent with its commitment to make all its operations in North America carbon-neutral by 2035.
Development partner Edelen Renewables is collaborating with Savion to develop the Martin County Solar Project. Construction of the project will begin in mid-2023 and is slated for commercial operation in 2024.
Country news
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March 30, 2023
US$502mn first close achieved for Renewable Energy Investment Fund
Excelsior Energy Capital (Excelsior), an independent North American renewable energy and energy transition investor, has announced the first close of its second flagship fund, Excelsior Renewable Energy Investment Fund II LP (Fund II).
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March 27, 2023
PPA signed for 208 MW Solar project in USA
Enel North America has announced a partnership with Nestlé to invest in the 208 MWdc Ganado solar-and-storage project in Texas, USA.
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March 22, 2023
PPA signed for 117 MW Solar PV project in USA
EDF Renewables North America has signed a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA). for the 117 MWac/148 MWdc Sapphire solar project located in Riverside County on private land, USA.
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March 16, 2023
US$180 million Financing received for 200 MW Solar PV project in USA
Leeward Renewable Energy (LRE) has received US$180 million financing for the 200 MWac Horizon solar photovoltaic (PV) project located in Frio County, Texas.
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February 09, 2023
Construction started for 202 MW Solar PV project in USA
Longroad Energy has announced the financial close and start of construction of its 202 MWdc (150 MWac) Umbriel solar photovoltaic (PV) project, located in Polk County, Texas, USA.
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