EDF Renewables North America Signs Virtual Power Purchase Agreement with Enterprise Products for Solar Energy
March 01 2021 - 12:10PM
Business Wire
EDF Renewables North America today announced a power purchase
agreement for the second tranche of the Space City Solar Project
with an affiliate of Enterprise Products Partners L.P. (NYSE: EPD)
for 100 MWac / 132 MWdc. The Project’s total capacity is up to 345
MWac / 455 MWdc. Space City Solar, located in Wharton County,
Texas, is expected to commence construction in Summer 2021 and
begin delivery of clean electricity in Summer 2022.
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Approximately 300 jobs are expected to be created during the
construction phase with more than $30 million generated in new tax
revenue over the operating life for Wharton County taxing
entities.
Space City Solar is specially designed to generate clean energy
while minimizing impacts to wildlife, habitat, and other
environmental resources. The project will utilize high efficiency
bifacial solar photovoltaic (PV) modules.
“This transaction demonstrates EDF Renewables’ continued
commitment to helping corporate customers meet their wholesale
power supply needs and sustainability initiatives,” said Matt
McCluskey, Vice President, South Region Development for EDF
Renewables. “Space City Solar will provide an economic boost to the
local economy through construction jobs, local spend and an
expanded tax base.”
A.J. “Jim” Teague, co-chief executive officer of Enterprise’s
general partner, stated, “We are committed to being a responsible
steward of the environment, including using energy sustainably
across our footprint. In 2020, we launched an initiative to
evaluate opportunities to expand solar power purchasing and/or
installations across our system. We are proud to say this purchase
agreement is a result of those efforts. We estimate that by 2025,
approximately 25 percent of our power will be from renewable
resources.”
With 35 years of experience and 16 gigawatts of renewable
projects developed throughout North America, EDF Renewables
provides a fully integrated bundle of energy solutions from
grid-scale wind, solar, and solar plus storage projects to electric
vehicle charging and energy storage management.
FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
About EDF Renewables North America:
EDF Renewables North America is a market leading independent
power producer and service provider with 35 years of expertise in
renewable energy. The Company delivers grid-scale power: wind
(onshore and offshore), solar photovoltaic, and storage projects;
distributed solutions: solar, solar+storage, EV charging and energy
management; and asset optimization: technical, operational, and
commercial skills to maximize performance of generating projects.
EDF Renewables’ North American portfolio consists of 16 GW of
developed projects and 11 GW under service contracts. EDF
Renewables North America is a subsidiary of EDF Renouvelables, the
dedicated renewable energy affiliate of the EDF Group. For more
information visit: www.edf-re.com. Connect with us on LinkedIn,
Facebook and Twitter.
About Enterprise Products Partners L.P.:
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and export and import terminals; crude oil gathering,
transportation, storage and export and import terminals;
petrochemical and refined products transportation, storage, export
and import terminals and related services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 50,000 miles of pipelines; 260 million
barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity. For more information visit:
www.enterpriseproducts.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210301005766/en/
Sandi Briner, +1 858-521-3525 MediaRelations@edf-re.com
Enterprise Investors: Randy
Burkhalter, +1 713-381-6812 or +1 866-230-0745
rburkhalter@eprod.com
Enterprise Media: Rick Rainey, +1
713-381-3635 rrainey@eprod.com
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