Data center developer to purchase solar, wind power in Texas from NextEra unit

Global data center developer CyrusOne Inc. will purchase solar and wind power from NextEra Energy Resources LLC subsidiary Gexa Energy LP, the company said April 20.

The deal includes a 30-MW solar contract representing 75,000 MWh and a 10-MW wind contract totaling 33,000 MWh, which will be used to help power CyrusOne's North Texas data centers, including Carrollton, Allen and Lewisville, according to a news release.

CyrusOne said the contracts will reduce overall power prices by leveraging the complementary production profiles of solar and wind generation, as well as spot market purchases.

The transaction will also result in approximately 85% of the data center developer's Electric Reliability Council Of Texas Inc. deregulated load in North Texas being supplied by renewables by the end of 2023.

"Incorporating new renewable assets as part of a retail electric supply agreement provides the benefit of a long-term renewable transaction without the complications and risk of a traditional [power purchase agreement]," Gexa Energy President Brian Landrum said in the news release.

Energy Edge advised CyrusOne on the transaction and helped locate and secure the assets.

NextEra Energy Resources is a subsidiary of NextEra Energy Inc.

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