Scout and Colgate-Palmolive Signal PPA for Texas Solar Farm

Scout Clean Energy, a Colorado-based renewable energy developer-owner-operator, has signed a power buy settlement (PPA) with Colgate-Palmolive for power from Scout’s 209-MW DC Markum Solar Farm close to Waco, Texas.

This fall Scout will start and handle challenge building. Markum will generate sufficient clear energy for the ERCOT grid to power roughly 32,200 houses.

“Virtual power purchase agreements (VPPAs) are a valuable part of our renewable energy master plan and will help us achieve our targets of net-zero carbon emissions by 2040 and 100% renewable electricity across our global operations by 2030,” says Ann Tracy, Colgate-Palmolive chief sustainability officer, in an announcement.

Markum is in each McLennan and Bosque Counties and is scheduled for supply in 2024. The challenge will end in roughly 300 non permanent building jobs and three everlasting full-time positions when the power begins operation. Economic advantages to the group from new tax income over the lifetime of the challenge are anticipated to be important.

Scout Clean Energy is a portfolio firm of Brookfield Renewable, a publicly traded, pure-play renewable power platform. Brookfield acquired Scout in the beginning of 2023, and Scout continues to execute on its important progress plans.

Scout’s authorized advisor was Stoel Rives LLP and Colgate-Palmolive’s authorized advisor on the transaction was Morgan, Lewis & Bockius.

Photo by Kelly at Pexels

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