Spanish renewables company Greenalia has signed a virtual power purchase agreement (VPPA) with South Carolina-based motor vehicle parts manufacturer JTEKT North America Corporation in connection with its 695-MWdc Misae II solar project in Texas.
Under the agreement, Greenalia will supply JTEKT with all the environmental attributes produced from 142.8 MW of capacity at Misae II. This will allow JTEKT to offset its CO2 emissions by around 124,600 tonnes per year, which is equivalent to the total electricity consumption of all its production facilities in North America, Greenalia said in an announcement on Wednesday.
Misae II is listed on Greenalia’s website as a project under construction. The company says the project will be carried out in several phases. In the first phase, the plant will have an installed capacity of about 319 MWdc, and this portion is the subject of the VPPA with JTEKT. In the subsequent phases, Misae II is expected to reach the planned 695 MWdc.
Greenalia’s CEO Manuel Garcia stated that the signing of this VPPA represents “an important milestone for the company’s development in the United States.” According to Garcia, Greenalia has a portfolio of 3 GW of projects across wind, solar and battery storage in the US.