7X Energy Announces 250 MWac Solar PPA With Fortune 500 Company
7X Energy, Inc. (“7X”) announced that it has entered into a power purchase agreement (PPA) for 250 MWac with, "a large investment grade company," from phase 1 of its Taygete Energy Project (“Taygete” or “Project”) located in Pecos County, Texas.
The solar energy will be purchased by the company (which 7X described as a "Fortune 500 company") under a multi-year fixed price PPA.
The Taygete project is on track to commence construction in Q3 2019 and will be commercially operational in Q1 2021. The Project will produce over ~737,900 MWh of energy in its first year of operation