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Graphic Packaging, NextEra to build 250 MW solar plant in Texas
https://www.reuters.com/business/energy/graphic-packaging-nextera-build-250-mw-solar-plant-texas-2026-04-29/By Reuters
April 29, 2026 7:44 AM EDT
…
The deal comes amid rising electricity demand in Texas, fueled in part by data centers and industrial growth, putting pressure on the state's electricity grid operator ERCOT to add new generation capacity.
April 29, 2026 7:44 AM EDT
…
The deal comes amid rising electricity demand in Texas, fueled in part by data centers and industrial growth, putting pressure on the state's electricity grid operator ERCOT to add new generation capacity.
- As part of the virtual power purchase agreement, the energy produced by the plant will be sold to ERCOT, and Graphic Packaging will receive renewable energy credits along with financial exposure related to the project.
- The solar plant, Selenite Springs Energy Center, would be located in the ERCOT power market and is expected to start commercial operations by the end of 2027.
- The deal is Graphic Packaging's largest virtual power purchase agreement to date and forms part of its target to cut global Scope 1 and 2 emissions by 50.4% by 2032 and reach net zero emissions by 2050.
- …