NextEra and Ineos USA have entered into a power purchase agreement (PPA) which will enable the construction of a 310MW solar project located in north central Texas, US.
The Ineos Hickerson Solar Farm will be constructed, owned and operated by a subsidiary of NextEra Energy Resources.
Construction is expected to commence in the first quarter of 2024, with a planned commercial operation date by December 2025.
The entire output of the new solar project will be dedicated to Ineos O&P USA and is projected to cover the net purchased electricity load of all 14 of Ineos O&P USA’s manufacturing, fractionation and storage facilities in the US.
The new solar project will be located in Bosque County, Texas, and is ultimately expected to produce 730,000 megawatt hours of clean energy annually.
“Ineos O&P USA seeks to be a bellwether of what the petrochemical community can do to adopt renewable energy among its long-term energy demands, and this is one of many important steps being taken globally to reduce the carbon footprint of all the Ineos businesses,” said CEO Mike Nagle.
“We’re pleased to work with Ineos O&P USA and support the company’s renewable energy goals,” said Matt Handel, senior vice president of development for NextEra Energy Resources.