Microsoft Backs Washington Solar Project with Long-Term PPA
Cypress Creek Energy has completed its new Ostrea Solar project in Washington state, adding 104 MWdc of solar capacity to the region. The $180 million project is backed by a long-term power purchase agreement (PPA) with Microsoft, which will purchase electricity and environmental products generated by the facility.
The technology giant's agreement covers both the electricity and environmental products produced by the facility, making it the project's long-term offtaker. This is part of Microsoft's growing portfolio of renewable energy contracts, which totals 40 gigawatts (GW) across 26 countries.
Ostrea Solar provides 80 MWac of generation capacity to the regional grid and is connected to the Bonneville Power Administration transmission system. The project represents a private investment of approximately $180 million in Washington's energy infrastructure.