DE Shaw Renewable Investments (DESRI) announced the signing of three renewable energy off-take agreements with Entergy Louisiana (ELL). The solar installations will be built under PPAs or transfer agreements (BTAs) with ELL to support its growing renewable energy portfolio in the region and help meet the electricity needs of local customers.
The three projects are:
- The Vacherie Solar Energy Center (Vacherie) will be a 150 MWAC facility in St. James Parish, Louisiana;
- The SJ Louisiana Solar Project (SJ Solar) will be a 150 MWAC facility in St. James Parish, adjacent to Vacherie;
- The Sunlight Road Solar Project (Sunlight Road) will be a 50 MWAC solar installation in Washington Parish.
Vacherie and SJ Solar become DESRI’s second and third solar installations in St. James Parish, following the 20-MWAC St. James solar project. Sunlight Road will be DESRI’s second solar installation in Washington Parish, following the 50 MWAC Iris Solar Project. Vacherie, SJ Solar and Sunlight Road are expected to be completed in 2024.
“DESRI is pleased to partner with Entergy Louisiana on these three solar installations, which will bring the combined total of our renewable energy projects with Entergy above 400 MW.ACsaid Hy Martin, DESRI chief development officer. “Continuing our long-standing work with Entergy, 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.”
When the projects are operational, DESRI will become the long-term owner and operator of Vacherie and Sunlight Road, while ELL will become owner of SJ Solar.
Subsidiaries of SunChase Power and Eolian led the initial development of SJ Solar, as well as the past St. James and Iris solar projects that are currently under construction.
“SunChase and Eolian began developing these southern Louisiana sites in 2015, anticipating the eventual cost-effectiveness of solar power facilities adjacent to key charging bays to meet the reliability and environmental requirements set by ELL and its customers. in their energy supply. strategy,” said Aaron Zubaty, CEO of Eolian.
News item from DE Shaw Renewable Investments