DESRI signs 350MWac offtake agreement with Entergy Louisiana
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

DESRI signs 350MWac offtake agreement with Entergy Louisiana

19 Nov 2021 (Last Updated November 19th, 2021 14:36)

The three solar projects will deliver clean energy to ELL and its Louisiana-based customers from 2024.

US-based renewable energy producer DE Shaw Renewable Investments (DESRI) has signed three offtake agreements with Entergy Louisiana (ELL) for 350MWac of power capacity.

The company will build three solar facilities in Louisiana on the basis of power purchase agreements (PPAs) or build transfer agreements (BTAs) with ELL.

The facilities are the Vacherie Solar Energy Centre (Vacherie), the SJ Louisiana Solar Project (SJ Solar) and the Sunlight Road Solar Project (Sunlight Road).

Vacherie and SJ Solar will be built next to each other in St James Parish and have 150MWac of capacity each.

The 50MWac Sunlight Road project will be developed in Washington Parish.

DESRI previously built the 20MWac St James Solar Project in St James Parish, meaning Vacherie and SJ Solar will be its second and third solar facilities in the region.

Sunlight Road will be the company’s second project in Washington Parish, where it developed the 50MWac Iris Solar Project.

DESRI chief development officer Hy Martin said: “DESRI is pleased to partner with Entergy Louisiana on these three solar facilities, which bring the collective total of our renewable energy projects with Entergy Louisiana above 400MWac.

“Continuing our long-standing work with Entergy Louisiana, these projects will provide affordable energy to Louisiana residents and create local economic development benefits as the state becomes a national leader in the new energy economy.”

Upon completion, DESRI will become a long-term owner and operator of the Vacherie and Sunlight Road projects, while ELL will take ownership of SJ Solar.

The three projects will supply renewable energy to ELL and its customers in Louisiana from 2024.

In addition, the facilities are expected to benefit the local community by creating several hundred construction jobs.

ELL president and CEO Phillip May said: “DESRI has been a great partner of Entergy and our goal to deliver clean, affordable and reliable services to our customers.”