January 6 (Renewables Now) - RWE Renewables, a unit of Germany’s RWE AG (ETR:RWE), today announced it has launched commercial operations at a 100-MW solar photovoltaic (PV) park in Texas’ Reeves County.
The developer has also closed on tax equity financing for the so-called West of the Pecos project, which it says is its first PV scheme in Texas and its largest one in the US. The tax equity was provided by an unnamed investor, which took a partial stake in the project but more details about the financing were not disclosed.
Installed on leased land from Texas Pacific Land Trust and Texas General Land Office, the power plant is equipped with almost 350,000 solar panels. The output of a 50-MW portion will be sold under a long-term power purchase agreement (PPA) with SK E&S LNG LLC, a subsidiary of South Korean energy group SK E&S Co Ltd.
Commenting on the solar park’s commissioning, Silvia Ortin, chief operations officer onshore wind and solar PV Americas at RWE Renewables, said: “With a development pipeline of more than 10 GW our strategy for renewables in the US is geared for growth.”