DE Shaw Renewable Investments (DESRI) has signed three solar offtake agreements with Entergy Louisiana for 350MW of capacity in the southern US state.
The solar facilities will be built under power purchase agreements (PPAs) or build transfer agreements with ELL to boost its growing renewable energy portfolio in the region.
The three projects are scheduled to supply new clean solar energy to ELL and its Louisiana customers beginning in 2024.
The Vacherie solar farm will be a 150MW facility in St James Parish.
The SJ Louisiana solar project will be a 150MW facility in St James Parish, adjacent to Vacherie.
The Sunlight Road solar project will be a 50MW solar facility in Washington Parish.
Vacherie and SJ Solar will be DESRI’s second and third solar facilities in St James Parish, following the 20MW St James solar project.
Sunlight Road will be DESRI’s second solar facility in Washington Parish, following the 50MW Iris solar project.
“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 above 400MW,” said Hy Martin, chief development officer of DESRI.
“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.”
“DESRI has been a great partner of Entergy and our goal to deliver clean, affordable and reliable services to our customers,” said Phillip May, Entergy Louisiana president and CEO. “We look forward to extending that partnership on three more projects across our state and to help our communities prosper for generations to come.”
When the projects are operational, DESRI will be the long term owner and operator of Vacherie and Sunlight Road, while ELL will take ownership of SJ Solar.