SB Energy, a subsidiary of SoftBank Group, is scheduled to start construction of the 200-MW Eiffel Solar project located in Lamar County, Texas in the first half of 2022. The project will start to deliver energy to utility Energy Transfer in January of 2024.
“SB Energy is focused on accelerating the global energy transition with the real work starting on the ground with innovative projects like Eiffel Solar and exceptional partners like Energy Transfer. The Eiffel resource is a key project to serving rapidly increasing demand for reliable, clean energy,” said Rich Hossfeld, co-CEO of SB Energy.
Energy Transfer signed a 15-year power purchase agreement with San Francisco-based SB Energy for 120 MW of electricity from Eiffel Solar.
“We are pleased to announce this PPA with SB Energy,” said Tom Mason, head of Energy Transfer’s Alternative Energy Group. “It is our second significant agreement to purchase low-cost solar power to help us meet our ERCOT load requirements for our operations throughout Texas. The first was the Maplewood 2 solar farm in the Permian Basin that came online earlier this year.”
