Target Enters PPA With Parent Of Retail Supplier For Texas Wind; Illinois PPA Also Signed
June 13,2019
ENGIE North America Inc. announced that it has entered into a Power Purchase Agreement (PPA) with Target Corp. for 89 MW of capacity from the Sand Fork Solar Project in Texas.
The power purchase agreement has a term of 15 years and is estimated to result in annual generation of 250,000 megawatt-hours
Slated to come online in the summer of 2021, the Sand Fork Solar Project will have a total capacity of 200 MW.
The remainder of the Project’s capacity will be purchased by another corporate customer, ENGIE said
The Sand Fork Solar Project will contribute to ENGIE’s goal to build at least 2.5 GW of wind and solar capacities in the next 3 years in the U.S. and Canada. As with the Sand Fork Project, these capacities will be dedicated to specific customers.
Illinois Virtual PPA
Separately, Leeward Renewable Energy, LLC announced the company has entered into a Virtual Power Purchase Agreement with Target Corporation that will enable the construction of its Lone Tree Wind Project, a greenfield wind development project located in Bureau County, Illinois.
The Lone Tree facility will have a capacity of approximately 79.4 megawatts (MW). Leeward expects to commence construction of the project in fall 2019 and to complete construction in December 2020.
Target 100% Green Goal
Target announced that it is committing to source 100% of its electricity from renewable sources by 2030.