MIAMI, April 30, 2024 /PRNewswire/ -- Matrix Renewables, the TPG Rise-backed global renewable energy platform, today announced that it has signed a renewable energy power purchase agreement with affiliates of the Hyundai Motor Group for 147 MWac from its Stillhouse Solar project, a 284 MWdc / 210 MWac total solar PV project located in Bell County, Texas (USA). The Stillhouse Solar project is expected to begin commercial operations in the second part of 2025.
"We are thrilled to have finalized this agreement with Hyundai Motor Group, contributing to the achievement of its ambitious sustainability objectives in the United States," said Cindy Tindell, Managing Director and Head of U.S. for Matrix Renewables. "Stillhouse Solar will provide clean power, deliver grid resiliency and avoid 200,000 metric tons of CO2 equivalent annually. These environmental attributes are in addition to the economic benefit for the Bell County region in Texas. We greatly value ...