Infrastructure giant Ferrovial has announced the signing of an agreement for the construction and operation of a 257 MWdc solar photovoltaic (PV) plant in Leon County, Texas. The plant is expected to cater to the energy needs of over 36,000 homes.
This venture marks a significant milestone for Ferrovial's Energy division as it represents the company's first investment in a renewable project in the United States, where it has been operating for two decades. Ferrovial is committing $72 million to the project, underscoring its strategic focus on diversifying its multinational presence and capitalizing on the burgeoning solar PV market in the U.S.
María José Esteruelas, CEO of Ferrovial Energy, emphasized the collaborative efforts between energy stakeholders and private entities in providing reliable energy to communities. She stated, “Our investment reaffirms the division's strategy to diversify our multinational presence, focusing on the fastest growing regions for solar PV and in the U.S.”
The construction phase, set to commence this quarter, is anticipated to create over 400 jobs. The plant is slated to commence power generation by 2026. Upon reaching full operational capacity, it is projected to produce approximately 475 gigawatt-hours (GWh) of electricity annually while mitigating the emission of over 195,000 tons of CO2 annually.
In addition to the Leon County project, Ferrovial is also involved in constructing a 72 MW PV plant with a 60 MW battery energy storage system in Houston for its client X-Elio, further solidifying its presence and contributions to the renewable energy landscape in Texas.
