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Ashtrom Signs First PPA Agreement in Texas with CPS Energy

As part of the contract, a dedicated task company, jointly owned by the Ashtrom Group and Kenlov Renewable Energy, will sell electricity produced by the Tierra Bonita task in the U.S., in the total capability of about 235 MW DC (about 60% of the total capability of the task) and the green certificates for it. Tierra Bonita task is a massive solar project in Texas, and already achieved significant advancement turning points, consisting of the protecting of its primary land rights and finalizing of a grid connection agreement. “We are currently working on advancing other PPA contracts for extra projects that we are developing in the U.S.” “At present, our renewable energy advancement pipeline in the United States consists of jobs in different advancement phases in the U.S., with overall planned capacity of ~ 1.5 GW,” Marmelshtein continues.

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