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BASF Signs Power Purchase Agreement for Texas Solar Energy

(Credit: Pixabay) EDF Renewables North America today announced the Space City Solar Project is progressing with critical development milestones having signed the first tranche of 55 megawatts (MWac)/73 MWdc to BASF through a Power Purchase Agreement. The Project’s total capacity is up to 345 MWac/455 MWdc. Space City Solar, located in Wharton County, Texas, is expected to commence construction in Summer 2021 and begin delivery of clean electricity in Summer 2022. Approximately 300 jobs are expected to be created during the construction phase, with more than $30 million generated in new tax revenue over the operating life for Wharton County taxing entities. In addition to providing stable payments to local landowners who chose to lease their land, the Louise Independent School District has the ability to receive $2.5 million in revenue, including $1.8 million in the first year of operation providing the district enacts a Chapter 313 Agreement by December 31, 2020.

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