D. E. Shaw Renewable Investments (DESRI) Announces Signing of 72.5 MWac Clean Power Project with Southwestern Electric Power Company (SWEPCO)
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D. E. Shaw Renewable Investments
Feb 01, 2022, 11:30 ET
NEW YORK, Feb. 1, 2022 /PRNewswire/ -- D. E. Shaw Renewable Investments (DESRI), a leading renewable energy producer in the U.S., today announced the signing of a long-term renewable energy off-take agreement with Southwestern Electric Power Company (SWEPCO). The Rocking R Solar Project (Rocking R) will be a 72.5 MWac facility in Caddo Parish, Louisiana, which is anticipated to come online in late 2024. DESRI has executed a twenty-year Renewable Energy Purchase Agreement (REPA) with SWEPCO to support the utility's growing renewable energy portfolio and help power local customers' electricity needs.
Rocking R represents DESRI's first contract with SWEPCO, DESRI's first solar project in northern Louisiana, and the first utility scale solar project built in the parish. Rocking R is part of DESRI's growing portfolio of solar facilities in Louisiana, bringing the total contracted portfolio size to over 500MW in the state.