California-based Clearway Energy Group said it has closed financing and started construction of standalone solar and energy storage projects in Hopkins County, Texas.
The company on October 2 said the 300-MW Pine Forest solar and 200-MW Pine Forest storage installations represent a $665 million investment. Dell Technologies has agreed to buy much of the electricity from the solar project under a long-term virtual power purchase agreement, which Dell said will support its climate goals. Universal Corp., an agricultural products supply company, also has contracted to offtake some of the solar project’s power.
Clearway on Wednesday said the projects will reach commercial operation in 2025. Officials said Clearway also is in discussions with corporate entities on the transfer of certain clean energy tax credits associated with the projects.
Dell said Pine Forest is expected to provide enough renewable energy to meet most of the company’s U.S. power needs, noting that it aligns with the group’s global sustainability goal of sourcing 75% of its electricity from renewable sources by 2030, and 100% by 2040.