D. E. Shaw to develop 72.5-MW solar project for Louisiana utility
DE Shaw Renewable Investments (DESRI) announced the signing of a long-term renewable energy purchase agreement with Southwestern Electric Power Company (SWEPCO). The Rocking R Solar Project will be 72.5 MWAC facility in Caddo Parish, Louisiana, which is expected to come online in late 2024. DESRI has entered into a 20-year Renewable Energy Purchase Agreement (REPA) with SWEPCO to support the utility’s growing portfolio of renewable energy and help meet the electricity needs of local customers.
Rocking R represents DESRI’s first contract with SWEPCO, DESRI’s first solar project in northern Louisiana, and the first large-scale solar project built in the parish. Rocking R is part of DESRI’s growing portfolio of solar installations in Louisiana, bringing the total contracted portfolio size in the state to more than 500 MW.
“Our DESRI team is excited to partner with SWEPCO to provide cost-effective clean power to customers in Louisiana, Arkansas and Texas,” said Hy Martin, DESRI chief development officer. “This solar project will bring economic development benefits to Caddo Parish and surrounding communities for years to come.”
Rocking R is expected to deliver significant community benefits, including job creation in construction. DESRI will be the long-term owner and operator.
News item from DE Shaw Renewable Investments
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