Dr. Shawn Qu
Recurrent Energy LLC, a completely owned subsidiary of Canadian Solar Inc., has signed an aggregated digital power buy settlement with EMD Electronics, Biogen Inc., Wayfair Inc., Autodesk Inc. and a big healthcare firm for 100% of the manufacturing capability of the Liberty Solar challenge.
Recurrent Energy is presently growing the 100 MW AC solar challenge in Liberty County, Texas, round 50 miles from Houston. The challenge is predicted to be operational in 2024.
Liberty Solar will broaden solar energy capability within the Midcontinent Independent System Operator (MISO) area, which incorporates most of Liberty County. Solar energy presently makes up only one% of the useful resource combine in MISO territory. Liberty’s challenge will produce sufficient energy to power roughly 15,000 houses yearly.
“Recurrent Energy is pleased to advance one of the largest peer-buyer organized corporate virtual power purchase agreements with this consortium of customers, says Dr. Shawn Qu, chairman and CEO of Canadian Solar. “This agreement will serve as a model for corporate procurement, further expanding the number of companies with robust credit ratings to make more renewable energy projects possible.”
EMD Electronics will function the anchor purchaser of the challenge, buying renewable energy generated by a 40 MW portion of Liberty Solar. Biogen Inc. is assuming a 20 MW portion; Wayfair, 15 MW; and Autodesk, 10 MW. A big healthcare firm will buy the remaining 15 MW portion.
The 5 firms had been organized and supported by Sustainability Roundtable Inc.’s Net Zero Consortium for Buyers.