CyrusOne Indicators Renewable Energy PPAs with Gexa for Texas Operations

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CyrusOne Inc., a world information heart developer and operator specializing in delivering state-of-the artwork digital infrastructure options, is buying solar and wind power delivered to the electrical energy grid. This buy is a part of an enlargement of the corporate’s ongoing enterprise relationship with Gexa Energy LP, a subsidiary of NextEra Energy Resources and supplier of energy provide, optimization and sustainability options to business and residential clients in Texas.

The buy features a solar offtake of 30 MW (~75,000 MWh) and wind offtake comprising 10 MW (~33,000 MWh). This will end in roughly 85% of CyrusOne’s ERCOT deregulated load in North Texas being provided by renewable energy sources by the tip of 2023.

“CyrusOne’s collaboration with Gexa Energy helps solidify our presence in Texas as a leader in renewable energy solutions,” says Todd Masters, director of power and energy at CyrusOne. “This purchase is another important step in our transition to 100% sustainable power through deregulated markets.”

These purchases will assist power CyrusOne’s North Texas information facilities, together with Carrollton, Allen and Lewisville, utilizing renewable solar and wind energy and can cut back general power costs by leveraging the complementary manufacturing profiles of solar and wind era, in addition to spot market purchases. Energy Edge suggested CyrusOne on the transaction and helped find and safe the 2 complementary belongings.

“Gexa Energy is proud to work with CyrusOne on this innovative retail plus renewables structure, tailored to achieve their sustainability goals,” states Brian Landrum, president of Gexa Energy. “Incorporating new renewable assets as part of a retail electric supply agreement provides the benefit of a long-term renewable transaction without the complications and risk of a traditional PPA. Organizations today are looking to strengthen their decarbonization efforts. Gexa Energy is uniquely positioned to offer customized carbon-reduction solutions as a subsidiary of NextEra Energy Resources, with a renewable portfolio of more than 17,000 MW of wind and solar assets across the U.S. and Canada.”

“We have been working with CyrusOne since 2020 and we appreciate their confidence in our team to help them achieve their clean energy goals,” provides Larry Kalbac, senior options government for Gexa Energy.

Image: Photo by Andreas Gücklhorn on Unsplash

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