As part of the overall renewables effort, GIG will launch Candela Renewables. The portfolio includes 240MW of solar and 50MW / 200MWh of co-located storage with executed or awarded PPAs across 2 projects and an additional 340MW in bilateral negotiations. We see a tremendous opportunity for renewable energy, and we are committed. Since its founding, Candela claims to have assembled a portfolio of more than 3.6GW in solar projects and 2.2GW in co-located energy storage. Once operational, the projects are claimed to generate more carbon-free electricity than places such as Washington DC or even smaller countries such as Lithuania or Uruguay annually.Ĭandela Renewables was founded by former First Solar executives Brian Kunz and Nik Novograd in 2018, to develop utility-scale solar projects in the US. Last year, Google stated that the 1.6GW package will increase its worldwide portfolio of wind and solar agreements by over 40%, to 5.5GW. The PPA is part of Google’s biggest renewable energy purchase, which announced last September and it included an overall 1.6GW package, comprising of 18 new energy deals, of which Candela’s PPA is a part. The PPA is one of the 18 PPAs that Google has signed last year NextLight brought together a team of highly experienced professionals from the power industry to focus on what was then an emerging industry: solar power. The project is expected boost local economy through the investment and create temporary jobs during the construction phase and permanent jobs for the operations of the solar plant. Candela Renewables was formed by Brian Kunz and Nik Novograd, who worked together at NextLight Renewable Power, a company that Brian co-founded in 2008. Through the PPA, Candela is adding new green energy to the Electric Reliability Council of Texas (ERCOT) power grid.Īs part of the agreement, Candela will develop and build a new solar power project in Texas. (Credit: Candela Renewables, Inc.)Ĭandela Renewables, a utility-scale solar projects developer, announced that it has signed a 140MW power purchase agreement (PPA) with Google in Texas. A San Francisco based company focused on generating and storing renewable sources of energy, with a strong portfolio in solar power.
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This includes 240 MWAC of solar and 50 MWAC / 200 MWh of co-located storage with executed or awarded PPAs across 2 projects and an additional 340 MWAC shortlisted or in bilateral negotiations, showcasing their ability to deliver high-quality, well-developed projects.Ĭandela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.The PPA is part of Google’s 1.6GW PPAs signed last SeptemberĬandela Renewables to develop new solar plant in Texas. Highway 62 near the southwestern edge of the City of Elizabethtown, generally between the TJ Patterson. The site is located near the Vulcan Materials Quarry along U.S. Since it was founded in 2018, Candela has assembled a portfolio of more than 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage. Candela Renewables, LLC is developing the Stonefield Solar Project, a solar photovoltaic (PV) generating station in Hardin County with a capacity of up to 120 megawatts (MW). Candela Renewables, LLC is developing the Scioto Farms Solar Project, a 110 megawatt (MW) solar photovoltaic generating station (PV) in Central Ohio. įounded by former First Solar executives, Candela has the most accomplished team developing utility-scale solar power projects in the United States. Robert joined Recurrent from Candela Renewables, where he held the role of Vice President of East Origination and Development. The company develops cost-effective, environmentally beneficial and financeable solar power projects. Over our years working together, the team at Candela has pushed itself to not just develop renewable power and storage projects, but to create projects and find partners that move the entire industry forward in innovative ways that have an impact beyond an individual piece of infrastructure.įor more information on the agreement, please visit. Developer of utility-scale solar and storage power projects intended to create solar-power infrastructure in the United States.
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As part of the agreement, Candela will develop a new solar power project, boosting the local economy as a result of the investment and creating new construction and permanent full-time jobs.
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SAN FRANCISCO-( BUSINESS WIRE)-Candela Renewables announced an agreement with Google for a 140 MW power purchase agreement in Texas, bringing new green energy to the ERCOT power grid.