EDP Renewables, through its subsidiary EDP Renewables North America, has signed a 15-year power purchase agreement (PPA) with American pharmaceutical company Bristol Myers Squibb for 60 MW renewable energy from the 240-MW Cattlemen Solar Park in Milam County, Texas.
Meta, the parent company of Facebook, has also signed a power purchase agreement earlier this month for 156 MW of the project.
The deal will allow EDP Renewables North America to continue developing Cattlemen Solar Park, whose capital expenditure is estimated at around US$280 million and is expected to be operational in 2023.
