News Center > Entergy Louisiana to Purchase 475 Megawatts of Solar Power
Entergy Louisiana to Purchase 475 Megawatts of Solar Power
BATON ROUGE – Entergy Louisiana will soon grow its green power-generating portfolio by purchasing 475-megawatts of additional solar power. This is in addition to the 50 megawatts of solar the company purchases through the Capital Region Solar plant in West Baton Rouge and various hydroelectric and other renewable resources.
Under the new contracts, the company will receive carbon-free power from four solar facilities across the state, including:
- Vacherie Solar Energy Center – a 150-megawatt resource in St. James Parish
- Sunlight Road Solar– a 50-megawatt resource in Washington Parish
- Jacques Louisiana Solar – a 150-megawatt resource in St. James Parish
- Elizabeth – a 125-megawatt resource in Allen Parish
“This is a major step forward for all of us in Louisiana,” said Phillip May, Entergy Louisiana president and CEO. “These projects will provide clean and affordable energy for our communities and help our customers meet sustainability goals.”
Once constructed and ready to connect to the power grid, Entergy Louisiana will purchase power from the Vacherie, Sunlight Road and Elizabeth solar facilities under 20-year agreements. The St. Jacques solar facility, however, will be under a build-own-transfer agreement, meaning Entergy will own and maintain the facility once built. The 350-megawatts of solar energy resources in St. James and Washington Parish sites will be built by D. E. Shaw Renewable Investments (DESRI) while the Allen Parish facility will be built by Opdenergy.
“Our DESRI team is pleased to continue our work with Entergy to deliver clean, reliable and cost-effective renewable energy to Louisiana residents,” said Hy Martin, chief development officer of DESRI. “Our team has now partnered with Entergy on 420-megawatts of solar resources throughout their territory. These projects will benefit our host communities for years to come.”
“Opdenergy is very excited about the opportunity to construct our first solar project in Louisiana”, said Braden Houston, managing director of solar development of Opdenergy. “We are honored to be able to work with Entergy and at the same time add significantly to the economic development and tax base in Allen Parish and the rest of the state.”
The contracts described above will go before the Louisiana Public Service Commission for approval in conjunction with a voluntary Green Tariff designed to allow customers to participate at various levels depending on their objectives. If approved, the solar facilities are expected to begin delivering power to customers in 2024.
Entergy Louisiana currently has approximately 240 megawatts of renewable resources, including the Capital Region Solar facility, which began delivering power to the grid in October 2020.
Entergy Louisiana, LLC provides electric service to approximately 1.1 million customers and natural gas service to more than 93,000 customers in the greater Baton Rouge area. It has operations in southern, central and northern Louisiana.
Entergy Corporation (NYSE: ETR) is an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 7,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $10 billion and approximately 12,500 employees. Learn more at entergy.com and follow @Entergy on social media.
About D. E. Shaw Renewable Investments
D.E. Shaw Renewable Investments (DESRI) and its affiliates develop, acquire, own, and operate long-term contracted renewable energy assets in the U.S. DESRI's portfolio of operating and in-construction renewable energy projects currently includes more than 50 solar and wind projects representing over 6 GW of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $60 billion in investment and committed capital as of September 1, 2021, and offices in North America, Europe, and Asia.
Please visit www.desri.com for more information about DESRI.
Opdenergy is an international Independent Power Producer based in Madrid, Spain with extensive experience in the development, financing, construction, and operation of renewable assets in Europe and the Americas. The firm currently has offices in Madrid, Mexico City, Santiago de Chile, Florida, London and Bologna, with a team of more than 130 highly qualified professionals.
Since 2005, Opdenergy has raised more than €1.8 billion for renewable assets in Spain, Chile, Mexico, Italy, England and the US. In addition, the firm has an impressive track record, having signed almost one GW of both public and private Power Purchase Agreements. The company is also very excited about the future with a development pipeline of 1,400 MW in the US and 9 GW worldwide. Please visit www.opdenergy.com/en/.