Candela Renewables Announces 140 MW Power Purchase Agreement

SAN FRANCISCO–(BUSINESS WIRE)–Candela Renewables announced an agreement with Google for a 140 MW power purchase agreement in Texas, bringing new green energy to the ERCOT power grid. As part of the agreement, Candela will develop a new solar power project, boosting the local economy as a result of the investment and creating new construction and permanent full-time jobs.

Over our years working together, the team at Candela has pushed itself to not just develop renewable power and storage projects, but to create projects and find partners that move the entire industry forward in innovative ways that have an impact beyond an individual piece of infrastructure.

For more information on the agreement, please visit: https://www.candelarenewables.com/news-blog/helping-set-a-new-standard-for-energy-innovation.

About Candela Renewables

Founded by former First Solar executives, Candela has the most accomplished team developing utility-scale solar power projects in the United States. Since it was founded in 2018, Candela has assembled a portfolio of more than 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage. This includes 240 MWAC of solar and 50 MWAC / 200 MWh of co-located storage with executed or awarded PPAs across 2 projects and an additional 340 MWAC shortlisted or in bilateral negotiations, showcasing their ability to deliver high-quality, well-developed projects.

Candela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.

For more information, visit https://www.candelarenewables.com/