August 14 (Renewables Now) - Canadian company Innergex Renewable Energy Inc (TSE:INE) said yesterday that five of the seven blocks of modules at its 250-MW Phoebe Solar park in Texas are already operational.
The large solar photovoltaic (PV) farm will start commercial operation in the coming weeks. It has a 12-year power purchase agreement (PPA) with Shell Energy North America for its entire output.
Innergex also announced that its 350.3-MW Foard City Wind Project in Texas is seen to reach commercial operation in the fourth quarter of 2019. The park’s 139 turbines have been erected, with mechanical completion and testing underway. The park will be selling its output under a 12-year PPA with Texas utility Luminant.
Phoebe Solar’s construction costs as at the end of June amounted to USD 337.7 million (EUR 301.8m), while for Foard City these stood at USD 335.7 million in mid-year, Innergex said on announcing results for the first half of 2019. CEO Michel Letellier noted that these two projects will expand the company's net installed capacity by 30%.