Nestle Partners with Enel on Texas Solar Project, Signs PPA

March 24, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, Enel North America (Andover, Massachusetts) announced it has partnered with global food and beverage giant Nestle SA (Vevey, Switzerland) to become the sole tax equity investor in a solar farm and battery energy storage project in Texas. In addition, Nestle has signed a power purchase agreement (PPA) for all of the plant's output. But the Texas project is just a drop in the bucket for Enel's $17.7 billion in active projects in the U.S.