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Released December 19, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Enel North America (Andover, Massachusetts), a subsidiary of Enel SpA (Rome, Italy), has added to its power-purchase agreements (PPAs) after reaching an agreement with McDonald's Corporation (NYSE:MCD) (Chicago, Illinois) and its supply chain partners to purchase 189 megawatts (MW) of renewable energy from Enel's Blue Jay solar project in Grimes County, Texas. Industrial Info is tracking $5.6 billion worth of active project activity from Enel North America and its subsidiaries, most of which is for solar and wind generation in Texas.
In late November, Enel North America announced plans to further expand its PPA portfolio with the launch of its retail energy business in certain deregulated U.S. states, starting with Texas, including for commercial and industrial entities.
The deal, which is expected to supply 100% of McDonalds' logistics supply chain with renewable energy, is a virtual power purchase agreement (VPPA) that also allows the companies to purchase associated renewable energy certificates (RECs) from the Blue Jay plant. McDonalds' supply-chain partners include Armada (Pittsburgh, Pennsylvania), Earp Distribution (Edwardsville, Kansas), Martin Brower (Illinois), Mile Hi Foods (Denver, Colorado) and The Anderson-DuBose Company (Warren, Ohio).
"This innovative deal demonstrates how Enel is helping major companies take a hands-on approach in helping their partners decarbonize their operations," said Paolo Romanacci, head of Enel North America's renewable energy business, Enel Green Power, in a related press release.
The 144-MW first phase of the Blue Jay solar project and a related 59-MW lithium-ion battery energy storage system (BESS) were completed in late 2021, while the 127 MW, $152.5 million second phase is underway. The plant is expected to be fully operational in 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Industry project and plant databases can click here for the related project reports and here for a plant profile.
At Enel's Capital Markets Day on November 22, the company announced plans to invest about $5 billion in the North American market, with the aim to develop approximately 5 GW of new utility-scale renewable and battery-energy storage capacity through 2025.
The company's U.S. project activity is in line with its overall plan for capital investment (capex) of about 22 billion euros (US$23.3 billion) between 2023 and 2025 for its integrated commercial efforts, which includes power generation, according to Enel's 2023-2025 Strategic Plan. Almost 90% of the capex is located in Italy, Spain and the U.S. "to benefit the long-term PPAs."
Among those are two VPPAs for power from Enel's 300-MW Seven Cowboy Windfarm in western Oklahoma, which is expected to be operational in 2023: an eight-year agreement with Thermo Fisher Scientific (Waltham, Massachusetts) for 90 MW, and a 12-year deal with Campbell Soup Company (NYSE:CPB) (Camden, New Jersey) for 115 MW of power, as well as RECs. Click here for the related project report.
But nearly $4 billion of Enel North America's investment being tracked by Industrial Info is located in Texas, where there are more than 4 gigawatts (GW) of renewable projects operational or under construction, according to the press release announcing its new retail business in the Lone Star State.
The company, along with engineering, procurement and construction (EPC) contractor Primoris (Rosharon, Texas), is at work on the $319 million Fence Post solar-plus-storage project in Kerens, Texas, southeast of Dallas. The solar plant will generate 240 MW from an estimated 397,000 photovoltaic (PV) solar panels with a single-axis tracking system, and a 90-MW BESS will utilize lithium ion-battery technology. Completion is expected in 2023. Subscribers can see detailed reports for the solar and BESS projects.
Two other Texas solar-plus-storage projects are expected to be completed at the end of 2022 and in fourth-quarter 2023, respectively: the 238.35-MW, $270 million Stampede PV Solar Plant in Saltillo, which will feature a 100.7-MW BESS, and the 152-MW Mustang Creek PV Solar Plant in Ganado, Texas, and its accompanying BESS. Click here for the related project reports.
Subscribers to Industrial Info's GMI database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of plant profiles.
Click here for a full list of active projects attributed to Enel North America.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
In late November, Enel North America announced plans to further expand its PPA portfolio with the launch of its retail energy business in certain deregulated U.S. states, starting with Texas, including for commercial and industrial entities.
The deal, which is expected to supply 100% of McDonalds' logistics supply chain with renewable energy, is a virtual power purchase agreement (VPPA) that also allows the companies to purchase associated renewable energy certificates (RECs) from the Blue Jay plant. McDonalds' supply-chain partners include Armada (Pittsburgh, Pennsylvania), Earp Distribution (Edwardsville, Kansas), Martin Brower (Illinois), Mile Hi Foods (Denver, Colorado) and The Anderson-DuBose Company (Warren, Ohio).
"This innovative deal demonstrates how Enel is helping major companies take a hands-on approach in helping their partners decarbonize their operations," said Paolo Romanacci, head of Enel North America's renewable energy business, Enel Green Power, in a related press release.
The 144-MW first phase of the Blue Jay solar project and a related 59-MW lithium-ion battery energy storage system (BESS) were completed in late 2021, while the 127 MW, $152.5 million second phase is underway. The plant is expected to be fully operational in 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Industry project and plant databases can click here for the related project reports and here for a plant profile.
At Enel's Capital Markets Day on November 22, the company announced plans to invest about $5 billion in the North American market, with the aim to develop approximately 5 GW of new utility-scale renewable and battery-energy storage capacity through 2025.
The company's U.S. project activity is in line with its overall plan for capital investment (capex) of about 22 billion euros (US$23.3 billion) between 2023 and 2025 for its integrated commercial efforts, which includes power generation, according to Enel's 2023-2025 Strategic Plan. Almost 90% of the capex is located in Italy, Spain and the U.S. "to benefit the long-term PPAs."
Among those are two VPPAs for power from Enel's 300-MW Seven Cowboy Windfarm in western Oklahoma, which is expected to be operational in 2023: an eight-year agreement with Thermo Fisher Scientific (Waltham, Massachusetts) for 90 MW, and a 12-year deal with Campbell Soup Company (NYSE:CPB) (Camden, New Jersey) for 115 MW of power, as well as RECs. Click here for the related project report.
But nearly $4 billion of Enel North America's investment being tracked by Industrial Info is located in Texas, where there are more than 4 gigawatts (GW) of renewable projects operational or under construction, according to the press release announcing its new retail business in the Lone Star State.
The company, along with engineering, procurement and construction (EPC) contractor Primoris (Rosharon, Texas), is at work on the $319 million Fence Post solar-plus-storage project in Kerens, Texas, southeast of Dallas. The solar plant will generate 240 MW from an estimated 397,000 photovoltaic (PV) solar panels with a single-axis tracking system, and a 90-MW BESS will utilize lithium ion-battery technology. Completion is expected in 2023. Subscribers can see detailed reports for the solar and BESS projects.
Two other Texas solar-plus-storage projects are expected to be completed at the end of 2022 and in fourth-quarter 2023, respectively: the 238.35-MW, $270 million Stampede PV Solar Plant in Saltillo, which will feature a 100.7-MW BESS, and the 152-MW Mustang Creek PV Solar Plant in Ganado, Texas, and its accompanying BESS. Click here for the related project reports.
Subscribers to Industrial Info's GMI database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of plant profiles.
Click here for a full list of active projects attributed to Enel North America.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
