Nova Clean Energy has a acquired a 1GW wind-solar and power-to-x project on the Texas Gulf coast, in the US.
The HyFuels project consists of mid-to-late-stage wind and solar development projects as well as an earlier stage green ammonia project.
Nova acquired HyFuels from BNB Renewable Energy, a wind and solar developer with a 20-year track record of developing wind and solar projects across the United States and in Mexico, including for a range of industrial clients.
Nova has entered into a long-term development services agreement with BNB, which originated the development in late 2020, ensuring full alignment on the successful delivery of the HyFuels project.
Since initially partnering in mid-2023, Nova and BNB have worked to advance the HyFuels complex, including completing necessary environmental surveys, securing a workable schedule for connection to the power grid, and ordering long lead-time equipment.
HyFuels’ power supply is split evenly between wind and solar, whose complementary generation profiles will ensure a steady supply of clean local power.
The first phase of the project is expected to reach full notice to proceed in 2025 and commercial operations in 2026.
Ben Pratt, President of Nova Clean Energy, said: “The Texas grid is going to continue to need a variety of power sources to serve its fast-growing demand.
“Wind paired with solar provides a generation profile that industrial as well as utility customers increasingly want to see.
“We are excited to work with BNB on this important portfolio.”
Jos Nicholas, CEO of BNB, said: “This is an exciting project, and we’re pleased to have partnered with the Nova Clean Energy team to bring it to market.
“A lot of important stakeholders have come together to help us get to this point, and we want to thank the landowners, community members and local officials, including the county commissioners, the ISD, and the VEDC, for their ongoing support.
“Together, we and Nova look forward to working with and learning from this community in Calhoun and Victoria counties in order to bring low-cost electricity and green ammonia to this amazingly productive part of Texas and our nation’s economy.”