Energy Transfer signed a power purchase agreement from a solar project in northeast Texas, marking the Dallas-based midstream company’s second renewable energy power purchase agreement.
The 15-year power purchase agreement, announced by Energy Transfer in a company release on Sept. 1, was with San Francisco-based SB Energy for 120 megawatts (MW) of electricity from its Eiffel Solar project in northeast Texas.
“We are pleased to announce this PPA with SB Energy,” commented Tom Mason, head of Energy Transfer’s alternative energy group, in the company release. “It is our second significant agreement to purchase low-cost solar power to help us meet our ERCOT load requirements for our operations throughout Texas.”
Mason noted the first was the Maplewood 2 solar farm in the Permian Basin that came online earlier this year.
SB Energy, a wholly owned subsidiary of SoftBank Group Corp., is scheduled to begin construction of the 200-MW Eiffel Solar project located in Lamar County, Texas the first half of 2022. The project will start to deliver energy to Energy Transfer in January 2024.
“SB Energy is focused on accelerating the global energy transition with the real work starting on the ground with innovative projects like Eiffel Solar and exceptional partners like Energy Transfer,” added Rich Hossfeld, co-CEO of SB Energy. “The Eiffel resource is a key project to serving rapidly increasing demand for reliable, clean energy.”
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