Crossett is the second solar PV plant Cubico launched in the past 12 months. Credit: Montypeter/Shutterstock.
Cubico Sustainable Investments has announced the start of commercial operations at Crossett Solar Park, a 132MWdc [megawatts direct current] solar photovoltaic (PV) facility in Ashley County, Arkansas.
This is the second solar PV plant Cubico has successfully launched in the past 12 months.
The Crossett solar park, now connected to the Midcontinent Independent System Operator (MISO) network, has begun supplying clean energy to Google under a long-term power purchase agreement (PPA).
Cubico USA country head Stacey Kusters stated: “With the successful launch of Crossett solar park, our team continues to demonstrate its capability in delivering high-quality renewable energy projects while actively developing a strong greenfield pipeline.
“We are delighted to partner with Google to provide their data centre campuses in the Midwest with carbon-free energy from one of our assets. This PPA highlights the crucial role of clean energy projects in sustainably powering data centres as the demand from AI and machine learning grows across America and beyond.”
The long-term PPA will enable the tech giant to power its Midwestern operations with renewable energy.
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The PPA was streamlined through LevelTen Energy’s Accelerated Process (LEAP), a collaborative effort with Google aimed at making clean energy procurement more efficient.
Google Data Center Energy global head Amanda Peterson Corio stated: “This partnership with Cubico will bring new carbon-free energy online from its Crossett solar facility in Arkansas to support our operations in the Midwest – helping power our data centres that provide digital tools and services around the world.
“This agreement is another strong example of how our scalable procurement approach is transforming the way the industry buys and sells clean energy, which is accelerating the development of carbon-free electricity and the jobs that come with that.”
In June 2024, Greenprint Capital closed tax equity financing for the Crossett Solar Park.
Greenprint Capital managing director Peter DeFazio stated: “We are thrilled to have partnered with Cubico on the Crossett solar park. The expertise and dedication of the Cubico team were instrumental in bringing this pioneering renewable energy project to fruition.
“The Inflation Reduction Act has enabled us to form innovative tax equity partnerships like this one, facilitating the monetisation of tax credits through their sale to corporate taxpayers. Together, we’ve unlocked new financing mechanisms that support the growth of renewable energy projects nationwide.”
Arkansas, which produced 1,200 gigawatt hours of solar power in 2023, is strengthening its renewable energy infrastructure through projects such as Crossett.
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Publish date : 2024-10-30 06:24:00
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