Enel North America has begun operations of the 326 MW Stampede solar-plus-storage mission in Hopkins County, Texas.
Nestlé is the only tax fairness investor for the mission and also will buy the renewable power attributes from the photo voltaic plant’s output.
That is Enel’s second tax fairness cope with Nestlé, after a 2023 settlement for the Ganado solar-plus-storage mission, additionally in Texas.
“America wants extra low-cost clear energy, and Enel is delivering it,” says Stephen Pike, head of Enel Inexperienced Energy North America.
“The Stampede mission will add extra energy era to the grid at a time when demand is rising from electrification and information facilities. Moreover, its versatile battery storage system will assist step in to stabilize the grid when circumstances tighten. We’re grateful for our continued partnership with Nestlé, and we applaud them for his or her direct funding in bringing extra renewable electrical energy on-line.”
Stampede’s bifacial PV panels, which started producing energy in June, are paired with an 86 MW BESS, which is present process remaining commissioning.
Nestlé’s renewable power buy is estimated to be over 522,000 MWh per 12 months for 15 years.
Marathon Capital suggested Nestlé on its funding. CCA Capital acted as advisor to Enel.
