Lowe’s signs PPA for 250 MW of solar
Solar Energy Wineries
By Oregon Department of Agriculture on 2014-01-03 10:06:57
Lowe’s signs PPA for 250 MW of solar
December 17 (Renewables Now) – US home improvement store chain Lowe’s (NYSE:LOW) on Wednesday announced a power purchase agreement (PPA) with Swift Current Energy for 250 MW of solar energy.
The 12-year contract is for electricity generated by the Black Diamond solar project in Illinois, which will have a total capacity of 593 MW. The project, located in Christian County, will include over one million solar panels.
The solar park is expected to be operational by the summer of 2023.
The PPA is part of Lowe’s strategy to cut its carbon dioxide (CO2) emissions by 40% by 2030. It follows a contract for the purchase of 100 MW of wind power from the 419-MW Mesquite Star wind park in Texas, which was commissioned in June, with Clearway Energy Group.
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