Digital Power Optimization (DPO), a leading data centre developer and operator, has finalized a power purchase agreement (PPA) covering up to 100MW from a prominent multinational renewable energy producer's Texas wind assets. The seller, known for its expansive renewable power portfolio, owns multiple 150MW+ wind farms in Texas.
In a departure from conventional practices, DPO's data centres will directly draw power from behind the meter at the renewable wind generation facilities, distinguishing itself from virtual PPAs or offsets commonly used by other computing facilities.
The PPA outlines plans for data centre deployments to reach a total size of 100MW, spanning as many as six of the seller's Texas wind assets. Funding for the initial phase buildout at the project's first site has been secured, with data centre operations expected to commence in 2024. The remaining sites are slated to come online over the following 12-18 months.
DPO's Chief Executive, Andrew Webber, expressed satisfaction with the finalized PPA, stating, “We're extremely pleased to have this PPA finalized and the project now officially underway. We have been running a pilot on-site for this power producer for over a year now and have developed an outstanding partnership with them. Together, we crafted a custom and innovative PPA structure which creates zero-cost economic upside for the Seller while bringing to life some of the cleanest and most sustainable computing facilities on Earth for DPO's investors and data centre tenants.”
