Doral Renewables has signed a Power Purchase Agreement (PPA) for its 270 MWac Lambs Draw Solar Project, located in Decatur County, Texas.
Doral Renewables will sell 100% of the facility’s energy output and associated Renewable Energy Credits (RECs) to a leading U.S. corporation. LevelTen Energy assisted in the transaction, serving as marketplace operator and platform provider connecting Doral Renewables and the buyer.
The project is within the Southwest Power Pool (SPP) and bolsters the company’s tradition of creating strong community bonds.
“We are very grateful for the community support we have experienced in Decatur County,” said Cliff Williams, Doral Renewables VP of Development and the leading developer on the Lambs Draw Solar project, in a statement. “The Commissioners, the Oberlin-Decatur County Economic Development and the Oberlin-Decatur County Area Chamber have been a pleasure to work with on the Lambs Draw project.”
Lambs Draw represents one of the largest investments in clean energy in the region. It is expected to create hundreds of jobs during the construction phase for local and regional residents. By partnering with local businesses, the project will stimulate economic activity in Decatur County and strengthen the area’s long-term growth prospects.
This latest project brings Doral Renewables’ contracted energy generation to nearly 2 gigawatts (GW) in total.
Earlier this year, it closed on $1.5 billion in project debt and began construction on the remaining 900 megawatts (MW) of its Indiana-based Mammoth Solar project, among other achievements.
Sean Boyle, Vice President of Markets at Doral Renewables, added, “This is yet another significant milestone for our company. We are proud to have earned the trust and confidence of another major customer. Our approach to project development and community engagement, combined with our efforts to implement agrivoltaics practices across our portfolio, resonates with large corporations and farmers alike. It is a testament that when done right, every party involved in the project wins.”
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