CyrusOne Signs Renewable Energy PPAs with Gexa for Texas Operations

CyrusOne Inc., a world information heart developer and operator specializing in delivering state-of-the artwork digital infrastructure options, is buying photo voltaic and wind energy delivered to the electrical energy grid. This buy is a part of an enlargement of the corporate’s ongoing enterprise relationship with Gexa Power LP, a subsidiary of NextEra Power Assets and supplier of power provide, optimization and sustainability options to industrial and residential clients in Texas.

The acquisition features a photo voltaic offtake of 30 MW (~75,000 MWh) and wind offtake comprising 10 MW (~33,000 MWh). This may end in roughly 85% of CyrusOne’s ERCOT deregulated load in North Texas being provided by renewable power sources by the tip of 2023.

“CyrusOne’s collaboration with Gexa Power helps solidify our presence in Texas as a pacesetter in renewable power options,” says Todd Masters, director of energy and power at CyrusOne. “This buy is one other vital step in our transition to 100% sustainable energy by means of deregulated markets.”

These purchases will assist energy CyrusOne’s North Texas information facilities, together with Carrollton, Allen and Lewisville, utilizing renewable photo voltaic and wind power and can cut back total energy costs by leveraging the complementary manufacturing profiles of photo voltaic and wind technology, in addition to spot market purchases. Power Edge suggested CyrusOne on the transaction and helped find and safe the 2 complementary property.

“Gexa Power is proud to work with CyrusOne on this revolutionary retail plus renewables construction, tailor-made to realize their sustainability objectives,” states Brian Landrum, president of Gexa Power. “Incorporating new renewable property as a part of a retail electrical provide settlement supplies the advantage of a long-term renewable transaction with out the issues and threat of a conventional PPA. Organizations at present wish to strengthen their decarbonization efforts. Gexa Power is uniquely positioned to supply custom-made carbon-reduction options as a subsidiary of NextEra Power Assets, with a renewable portfolio of greater than 17,000 MW of wind and photo voltaic property throughout the U.S. and Canada.”

“We’ve been working with CyrusOne since 2020 and we respect their confidence in our staff to assist them obtain their clear power objectives,” provides Larry Kalbac, senior options govt for Gexa Power.