On Tuesday, Alphabet Inc’s (NASDAQ:GOOG) Google signed a strategic long-term agreement with Energix Renewables.
Under the agreement, Energix will develop 1.5GWp of solar projects by 2030, with the possibility of future expansion.
Energix will supply electricity and Renewable Energy Credits (RECs) from these projects to Google, which is also its’ tax equity provider.
This partnership enhances Energix’s leadership in the U.S. renewable energy sector, especially within PJM. The parties have already signed the first two PPAs under this agreement.
The agreement ensures a market-adjusted energy price with downside protection, competitive REC pricing, and tax equity investments for Energix’s projects.
Asa (Asi) Levinger, CEO of the Energix Group, said, “This joint effort with Google not only strengthens our position in the PJM ...
