CyrusOne Inc., a global data center developer and operator specializing in providing state-of-the-art digital infrastructure solutions, purchases solar and wind energy delivered to the power grid. This purchase is part of an expansion of the company’s ongoing business relationship with Gexa Energy LP, a subsidiary of NextEra Energy Resources and provider of energy supply, optimization and sustainability solutions for commercial and residential customers in Texas. .
The purchase includes a solar offtake of 30 MW (~75,000 MWh) and a wind offtake of 10 MW (~33,000 MWh). This will result in approximately 85% of CyrusOne’s ERCOT deregulated load in North Texas being supplied by renewable energy sources by the end of 2023.
“CyrusOne’s collaboration with Gexa Energy helps strengthen our presence in Texas as a leader in renewable energy solutions,” said Todd Masters, director of energy and power at CyrusOne. “This purchase is another important step in our transition to 100% sustainable energy via deregulated markets.”
These purchases will help power CyrusOne’s data centers in North Texas, including Carrollton, Allen and Lewisville, using renewable solar and wind energy and reduce overall electricity prices by leveraging complementary generation profiles. solar and wind generation, as well as purchases on the spot market. Energy Edge advised CyrusOne on the transaction and helped locate and secure the two complementary assets.
“Gexa Energy is proud to work with CyrusOne on this innovative retail and renewable energy structure, designed to meet their sustainability goals,” said Brian Landrum, President of Gexa Energy. “Integrating new renewable assets into a retail electricity supply agreement offers the advantage of a long-term renewable transaction without the complications and risks of a traditional PPA. Organizations are now looking to step up their decarbonization efforts. Gexa Energy is uniquely positioned to deliver tailored carbon reduction solutions as a subsidiary of NextEra Energy Resources, with a renewable portfolio of over 17,000 MW of wind and solar assets in the United States and Canada.
“We have worked with CyrusOne since 2020 and appreciate their confidence in our team to help them achieve their clean energy goals,” adds Larry Kalbac, Senior Director of Solutions for Gexa Energy.