Engie North America Inc. today announced it has entered into a Power Purchase Agreement with Target Corp. for 89MW of capacity from the Sand Fork Solar Project in Texas.
Slated to come online in the summer of 2021, the Sand Fork Solar Project will have a total capacity of 200MW. In addition to providing clean, renewable energy, the Project will have a positive economic impact in the local area, namely through local construction jobs and purchases of local goods and services. The remainder of the Project's capacity will be purchased by another corporate customer.
The power purchase agreement has a term of 15 years and is estimated to result in annual generation of 250,000 megawatt hours, enough energy to power 250,000 U.S homes for more than a month.
"We truly value the opportunity to support Target in its commitment to source electricity from renewables," said Gwenaelle Avice-Huet, CEO of Engie North America. "By serving Target with the Sand Fork Project, we're proud to help shape a sustainable future for customers and communities and reinforce our ambition to lead the zero-carbon transition."
