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December 19 2023

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Modern Energy-backed Industrial Sun announced 50 MWAC project in Matagorda County, Texas


Source: Industrial Sun Insights

Corporate renewable energy buyers often assume they have two options for procuring clean power: (1) Signing a power purchase agreement (PPA) for offsite wind or solar or (2) investing in on-site solar PV. However, net-metered industrial solar offers a “best of both worlds” scenario.

bwin mobile appMore specifically, in the ERCOT market region of Texas, net-metered industrial solar offers a cost-effective and environmentally beneficial alternative to traditional solar PPAs. By developing large solar projects near industrial facilities, this approach allows for competitive PPAs, providing significant benefits, including reduced 4CP demand charges, provided they meet specific ERCOT criteria.

Today we’re excited to announce that a major industrial player is taking advantage of our innovative renewable energy solution Bwin Sportsbook Reviewto power one of its Texas-based facilities. We’re happy to share that we executed an Bwin Slotsindustrial net-metered PPA with LyondellBasell. LyondellBasell is a leader in the global chemical industry creating solutions for everyday sustainable living. This 50 MWac solar project will provide renewable electricity directly to the company’s Matagorda Complex.

Set to begin operations in the first half of 2026, Industrial Bravo is projected to create approximately 50 jobs during the construction phase and will sustain Bwin sports betting1–2 permanent, full-time positions for the operation and maintenance of the facility. It will also contribute to local grid stability through its clean, on-peak, and non-polluting electricity generation. The project is complemented by a second-phase project (Bravo II) of 150 MWac, connecting to the grid and augmenting power supply in the region.

This project is not just about the economic benefits of net-metered industrial solar, but also about aligning with the renewable energy goals of our partners.

“We are taking decisive steps to reduce Bwin Slotsour scope 1 and 2 greenhouse gas emissions and power purchase agreements are a critical lever towards meeting our targets,” said Chris Cain, LyondellBasell Senior Vice President for Net Zero Transition Strategy. “These two new agreements help us accelerate the development of clean energy and shift to the use of low carbon energy at our sites.”

Read more in LyondellBasell’s recent press release here. And be sure to contact our team to learn how we can help you achieve the win-win-win benefits of Bwin Slotsindustrial net-metered solar energy.

Wade Gungoll is the CEO of Industrial Sun.

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