Part of Generation Network »
Clean Power Professionals Group
This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.
Post
Scout Clean Energy's first solar leap: Brookfield-backed energy platform inks PPA with Colgate-Palmolive
Colgate-Palmolive, a leading household product manufacturer, has recently entered into a 20-year virtual power purchase agreement (PPA) with Scout Clean Energy for the 209 MW Markum solar project in Texas. This groundbreaking agreement enables Colgate-Palmolive to meet the electricity needs of its entire US operations by sourcing power from the project, which will be integrated into Texas' ERCOT transmission network. Construction of the solar farm is scheduled to commence in the fall of 2023 and is projected to be finalized by the end of 2024. This partnership represents a significant milestone for Scout Clean Energy's first solar development project and perfectly aligns with the renewable energy objectives of its parent company, Brookfield. As a global leader in renewable energy, Brookfield is dedicated to meeting the growing demand for corporate power purchase agreements (PPAs) in the United States. In September 2022, Brookfield made a strategic investment of $1bn to acquire Scout Clean Energy, as part of its $6.4bn investment in the US renewables sector. This acquisition included other prominent platforms such as Standard Solar, Urban Grid, and Duke Energy Renewables.
Discussions
No discussions yet. Start a discussion below.
Thank Mohit for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
- Thriving Against the Odds: Offshore Wind Projects Secure ~15bn in 2023 Amidst Market Challenges
- Partners Group exits North Sea offshore wind: catalyzing Octopus Energy's $20bn global pursuit
- Scout Clean Energy's first solar leap: Brookfield-backed energy platform inks PPA with Colgate-Palmolive
- Analysis of the Week: Strategic divergence in M&A activity in US' storage space- analyzing the unique approaches adopted by PE firms, utilities & private players
Get Published - Build a Following
The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate