Entergy Signs PPA for Texas Solar Plant

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Researched by Industrial Info Resources (Sugar Land, Texas)--In keeping with its goal of having net-zero emissions by 2050, U.S. power company Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) has signed a power purchase agreement (PPA) for all of the output from a solar power plant being constructed in Texas by Longroad Energy (Boston, Massachusetts). Industrial Info is tracking more than $10 billion worth of active projects of Entergy and Longroad.

Construction on Longroad's Umbriel solar farm near Livingston, Texas, for which the PPA was signed, began recently. The facility will use more than 453,000 thin-film photovoltaic modules manufactured by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). McCarthy Building Companies (St. Louis, Missouri) is providing engineering, procurement and construction services on the project, which is expected to be completed in 2024. The facility will generate 150 megawatts (MW) of energy that will go to Entergy. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the full report.

In 2020, Entergy announced its goals to have net-zero emissions by 2050. In subsequent years, the company established interim goals in its path towards net-zero, which include:

• Having 50% of its power generation coming from carbon-free sources by 2050
• Reducing carbon-dioxide emissions by 50% from 2020 levels by 2030
• Retiring all of its coal-fired generation plants by 2030

Entergy is pursuing these aims in different ways, including developing its own renewable energy projects, assuming ownership of renewable energy plants built by others and making PPAs like the one for Longroad's Umbriel plant.

In Arkansas, Entergy Arkansas will assume ownership of the Driver solar farm in Osceola, Arkansas, being developed by Lightsource bp (London, England). Construction on the 250-MW facility is expected to kick off later this year and be completed toward the end of 2024. It will be the largest solar facility in Arkansas. Subscribers can click here for more details.

Entergy has a few of its own renewable energy projects in the planning stage. Examples include the Livonia photovoltaic project near Livonia, Louisiana, which will use panels on a single-axis tracking system to achieve a nameplate generation capacity of 150 MW. Construction could begin this summer and would take an estimated year to complete. Subscribers can learn more by viewing the project report.

Industrial Info is tracking more than $1 billion worth of active projects for Longroad Energy. In addition to the Umbriel plant, the company's projects include the Three Corners photovoltaic plant in Clinton, Maine, which will be the state's largest solar farm. Construction kicked off last year, and upon completion, which is expected in mid-2024, the facility will provide 122.5 MW of nameplate generation capacity. Subscribers can click here for more details. Longroad has developed more than 700 MW of renewable energy in Maine.

Other Longroad projects include the 83-MW Foxhound solar plant near Clover, Virginia, construction of which is set to kick off soon. In addition to the solar farm, approximately 1.3 miles of overhead power lines will be required to run from the facility to Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) Clover substation. Construction is expected to take about a year to complete. Subscribers can click here for more information.

Subscribers can click here for a look at all of the reports discussed in this article, and click here for the related plant profiles.

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).