Old 300 is located close to Houston, Texas, one of the largest and fastest growing metropolitan areas in the US and benefits from a long-term PPA.
"With its location close to Houston, Old 300 will further diversify our onshore footprint into a premium market with strong long-term fundamentals." says Vishal Kapadia, Chief Commercial Officer for Onshore. "We're excited to add another large-scale, attractively contracted solar project to our portfolio. Solar is the fastest-growing power generation technology in the world and will continue to play a key role in our growth going forward."
The project will create an income source for family ranches who lease their land for the project. Furthermore, project construction is expected to create up to 400 jobs at its peak and the long-term operation of Old 300 Solar will generate over $40 million in property tax revenue for Fort Bend County and the Needville Independent School District.
Old 300 Solar Center will cover an area of 2,800 acres and utilize approximately 1 million bifacial modules, supplied by JA Solar and LONGi Solar. Inverters will be supplied by SMA America.
