Entergy Absorbs Costs for Google's $2.1 Billion Arkansas Solar Project

Entergy has announced that it will be deferring payments from Google on its $2.1 billion Cypress Solar project in Arkansas, while customers cover the construction costs. The move is a rare instance of a utility company absorbing the cost of a large-scale renewable energy project.

The Associated Press reported that Entergy, which operates as an independent power producer and electric utility company, has been working with Google to complete the Cypress Solar project in Arkansas. As part of the agreement, customers will cover the upfront costs of construction, while Entergy defers payment from Google on the $2.1 billion investment.

This arrangement is unusual because it allows a utility company like Entergy to absorb the cost of a large-scale renewable energy project without requiring immediate payment from the investor, in this case, Google.