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PepsiCo, Best Buy, McCormick & Company, ViacomCBS Properties Select Retail Supplier, Renewable Developer For Solar Power In Texas
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Constellation announced today that an agreement is in place to help PepsiCo, McCormick & Company, Best Buy and ViacomCBS’ KTVT and KTXA TV stations power their operations with energy from the 200 MW Big Star Solar Project, currently under development in Bastrop County, Texas.
Major customer commitments resulted in Constellation’s agreement to purchase power and project-specific renewable energy certificates (RECs) equal to a 140 MW section of Big Star. Each customer has signed an equivalent long-term agreement with Constellation to receive energy and RECs from the Big Star project as part of their retail electric supply contract.
RWE Renewables is building the 200 MW solar project in Bastrop County, Texas, which is expected to reach commercial operation by Q2 2022. The project is coupled with a 80MW/120 MWh battery storage system
"To simplify the purchase, each of the customers will use the Constellation Offsite Renewables (CORe) retail power product, which increases businesses’ access to new-build renewable energy projects by removing the significant hurdles associated with traditional offsite power purchase agreements (PPAs)," Constellation said
"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. The 10-year customer agreements begin in 2022," Constellation said
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August 25, 2021
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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