Diversifying the revenue base. Does TPL get a royalty on the power produced?
RWE has started commercial operations at its 100MW West of the Pecos solar farm in Texas.
The project is located on 283 hectares of land in Reeves County leased from Texas Pacific Land Trust and Texas General Land Office.
It comprises nearly 350,000 solar modules and is RWE’s first photovoltaic project in Texas.
West of the Pecos has a long-term power purchase agreement with SK E&S LNG for 50MW of the output.
Located 75miles (120.7km) southwest of Midland-Odessa, the solar plant is spread across on more than 700 acres of land leased from Texas Pacific Land Trust and Texas General Land Office within the county and is powered by nearly 350,000 solar modules.
RWE Renewables CEO Anja-Isabel Dotzenrath said: “The completion of our largest solar project in the U.S. is another good example of RWE’s continued success in the U.S. market and our effort to diversify our portfolio across technologies. With a development pipeline of more than 10 GW our strategy for renewables in the U.S. is geared for growth.
“A very big thank you to all involved employees and partners, who made an excellent job in the smooth execution of this project. West of the Pecos underscores our commitment to being the partner of choice for the transition to a lower-carbon future.”