Canadian Solar Subsidiary Inks 222MW PPA
- Jun 05, 2019
Recurrent Energy, a subsidiary of Canadian Solar, has signed a 15-year power purchase agreement with beverage company Anheuser-Busch for 222MWac/310MWp of electricity from its Maplewood solar project. The deal is the seventh largest commercial and industrial PPA for solar energy in the world to date, according to Bloomberg New Energy Finance data. It is the U.S. beverage industry’s largest single purchase of solar energy.
The Maplewood solar farm is located in Pecos County, in the Permian Basin of West Texas, near the towns of Fort Stockton and McCamey, and is slated to begin commercial operation in 2021. It consists of two projects—the 222MWac/310MWp Maplewood 1 and a 28MWac/40MWp Maplewood 2—spread across roughly 2,200 acres. During the construction phase, the two will create 400 to 500 construction jobs at peak activity. It is anticipated that Canadian Solar’s high-efficiency poly modules will be used for the project. Upon completion, the two components of the solar farm are estimated to produce enough clean energy to power the equivalent of 62,000 homes.
Simultaneously with the PPA agreement, Anheuser-Busch announced that, by 2021, its entire portfolio of beers will be brewed using 100 percent renewable electricity produced at various solar and wind parks.
The energy produced at Maplewood 2 was purchased by Dallas-based oil and gas pipeline company Energy Transfer in a 15-year PPA.