Clearway Energy Group has completed a 452-MW solar complex in Texas, powered by 1.1 million panels, with Verizon as the primary off-taker. The Texas Solar Nova park, constructed in two phases at a cost of $660 million, is expected to power over 190,000 homes annually and help Verizon achieve its renewable energy goals, including sourcing 50% of its electricity from renewables by 2025 and reaching net zero by 2035. Renewable Energy Certificates from the site will be purchased by SKF AB and Toyota Boshoku America Inc, with the latter having a 12-year contract for RECs from the first phase. A lending consortium including Natixis, DNB, MUFG, NordLB and Societe Generale provided debt funding for the project.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
