- Press Releases
May 19 (Renewables Now) - US utility Consumers Energy, the principal subsidiary of CMS Energy (NYSE:CMS), has signed power purchase agreements (PPAs) with Ranger Power for 300 MW of solar projects being developed in Michigan.
The contracts will enable Consumers Energy to source electricity from two solar parks that will be built by the Chicago, Illinois-based developer. The photovoltaic (PV) farms, each with a capacity of 150 MW, are slated to be commissioned by the end of 2024, Consumers Energy said on Wednesday.
The PPAs are being reviewed by the Michigan Public Service Commission.
Under the deals, the utility will purchase electricity from the USD-200-million (EUR 190.8m) Confluence and USD-150-million Heartwood solar PV parks located in Genesee and Hillsdale counties, respectively. The plants will be operated by Ranger Power, with their combined output estimated to be enough for around 150,000 homes.
Consumers Energy has proposed to add 8 GW of utility-scale solar power by 2040 under its Clean Energy Plan, of which 1.1 GW by 2024. It also aims to eliminate coal as a fuel source for electricity by 2025.
(USD 1.0 = EUR 0.954)