PRESS RELEASE UPDATED: AUG 27, 2021 14:40 EDT
SB Energy announces a long-term Power Purchase Agreement (“PPA”) with Mitsui and Co. Energy Marketing and Services (USA), Inc. (“MEMS”; a subsidiary of Mitsui & Co, Ltd.) to deliver energy from its 418MWp Juno solar project in Borden County, Texas. This month, Juno begins its full commercial ramp-up to provide energy to both MEMS and Lower Colorado River Authority (“LCRA”).
“Juno is an important project for MEMS as we work to ensure strong, reliable power generation in Texas. We are dedicated to strengthening renewable energy and working with strong partners such as SB Energy,” said Eiji Yanagawa, President and CEO of MEMS.
Rich Hossfeld, Co-CEO of SB Energy, said, “This project will power the equivalent of nearly 40,000 homes with reliable American energy, not only helping make the Texas grid more reliable but reducing the grid’s carbon footprint. We’re proud to partner with such a forward-looking company as MEMS.”
Juno is one of the five projects composing SB Energy’s initial 1.7GW portfolio that SB Energy announced financial close on earlier this year. Juno is the first to reach commercial operations, followed shortly by the remaining four projects over the next seven months.