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    Candela, Naturgy Break Ground On 240MW 7V Solar Ranch PV Project In Texas, US


    May 24, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Candela, Naturgy Break Ground On 240MW 7V Solar Ranch PV Project In Texas, US

      • 24 May 2022
      • United States
      • Infrastructure

      News: Candela Renewables, in partnership with Naturgy Energy Group, has started the construction of the 7V Solar Ranch photovoltaic (PV) solar project in the US state of Texas. The 240MWac/300MWdc facility, estimated to cost EUR264mn (USD280mn), would come up on a 8sq km site in Fayette County. Electric Reliability Council of Texas would purchase electricity from the PV facility. The solar power plant is due to be operational before the end of 2023 and is likely to produce around 560GWh of electricity per annum (Renewables Now).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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