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Constellation Signs 108 MW Solar Agreement to Supply Aggregation of Three Commercial Customers
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Constellation, an Exelon company, announced that a 108 MW agreement is in place to help three commercial customers power their operations with clean renewable energy.
"Based on sizable commitments from Kimberly-Clark, a global personal care corporation; Hewlett Packard Enterprise (HPE), a global leader in supercomputing, next generation storage, and networking solutions; and Manheim, a Cox Automotive brand and a leading provider of vehicle remarketing services, Constellation has agreed to purchase power and project-specific renewable energy certificates (RECs) from the Rayos del Sol Solar Project, currently under development in Cameron County, Texas. 174 Power Global, a leading solar and energy storage company, is building the solar farm, which is expected to achieve commercial operation in 2022," Constellation said
"To simplify the purchase, each of the three customers will use Constellation’s Offsite Renewables (CORe) retail power product, which enables the development of, and increases access to, renewable energy for businesses by removing the significant hurdles associated with traditional offsite power purchase agreements (PPAs). As part of this transaction, Constellation will purchase energy and RECs from Rayos del Sol and will then sell the power and project-specific RECs to the customers’ retail accounts," Constellation said
The customer agreements are 10 year terms, and begin in 2022
"By combining the simplified contracting and aggregation process of CORe with the commitment and involvement from sustainability-minded companies such as these, Constellation is able to offer more customers access to the economic and sustainability benefits of large-scale, offsite renewable energy projects," Constellation said
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October 12, 2020
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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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