SB Energy will break ground on 200-MW Texas solar project in 2022
SB Energy, a subsidiary of SoftBank Group, is scheduled to begin construction on the 200 MW Eiffel Solar project in Lamar County, Texas, in the first half of 2022. The project will start supplying energy to utilities Energy transfer in January 2024.
“SB Energy is focused on accelerating the global energy transition, with the real work starting on the ground with innovative projects such as Eiffel Solar and exceptional partners such as Energy Transfer. The Eiffel resource is an important project to meet the rapidly increasing demand for reliable, clean energy,” said Rich Hossfeld, co-CEO of SB Energy.
Energy Transfer has signed a 15-year power purchase agreement with San Francisco-based SB Energy for 120 MW of Eiffel Solar’s electricity.
“We are pleased to announce this PPA with SB Energy,” said Tom Mason, head of Energy Transfer’s Alternative Energy Group. “It is our second major agreement to purchase low-cost solar energy to help us meet our ERCOT tax requirements for our Texas-wide operations. The first was the Maplewood 2 solar park in the Permian Basin that went online earlier this year. came.”
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