Opdenergy has received approval from the Louisiana Public Service Commission, authorizing the execution of a Power Purchase Agreement (PPA) of its Elizabeth property in the United States with 160 MW.
The PPA was said to have been signed between Entergy Louisiana and OpenEnergy in November 2021, as the company told the National Securities Markets Commission (CNMV) this Thursday.
“This is a relevant milestone for Opdenergy to continue asset execution,” underlined the firm, which expects to begin construction of the plant in early 2023, while off the grid during the first half of 2024. Connection expected.
As part of the agreement, Entergy Louisiana will receive 100% of the energy generated by this project with an installed capacity of 160 MWdc for a period of 20 years.
Opdenergy has stressed that it continues to work to ensure the success of the development of this new photovoltaic solar plant located in Allen Parish (Louisiana). Once commissioned, it is expected to generate around 302,000MWh of clean energy per year.
The company highlighted that this new agreement supports its commitment to strengthen its presence in the renewable energy sector in this country. Opdenergy continues to actively develop renewable assets in the United States, through a pipeline totaling some 3GW in various stages of development across the country.
Opdenergy has obtained PPAs for over 2.6GW worldwide, of which over 300MW is in the United States. These PPAs cover the company’s operating portfolio of 584MW and more than 2GW of future projects, in the various countries where it operates.
“We are delighted to have this approval that will allow us to execute the project and deliver significant benefits for Allen Parish while contributing to a more sustainable future in Louisiana,” said OpDenergy CEO Louis Sid.