Nexwell Power Signs Long-term PPAs with one of the Largest Tech Companies in the U.S. for 2,921 GWh of Renewable Energy
The agreement with this large corporation also plays a critical role in Nexwell Power’s broader strategy to continue incorporating innovative solutions such as energy storage and ancillary services trading
LONDON, U.K. March 2025/PRNewswire/
Nexwell Power today announced the signing of long-term Power Purchase Agreements (PPAs) with a subsidiary of one of the largest tech companies in the U.S. with data centers worldwide to source the supply of approximately 2,921GWh of renewable electricity and green certificates through 2040.
Nexwell Power plans to produce the electricity using 145MWp of its new generation of assets in Spain, featuring an enhanced capacity solution that hybridizes top efficiency PV technology and utility scale batteries. These assets are expected to begin producing electricity in 2026. These landmark agreements highlight Nexwell Power’s continuous focus on electricity consumers and decarbonization. It also underscores its evolving commercial strategy which focuses on providing long-term price certainty and cost competitiveness to its industrial partners by disintermediating the traditional electricity market. In addition to the initial supply of 2,921GWh, the agreement includes provisions for a potential incremental supply of 1,936 GWh that would bring the total electricity supply under the partnership 4,857 GWh, supported by up to 250MWp of Nexwell Power assets.
The agreement with this large corporation also plays a critical role in Nexwell Power’s broader strategy to continue incorporating innovative solutions such as energy storage and ancillary services trading. These advancements enhance the flexibility and reliability of renewable energy delivery, aligning with Nexwell Group’s ambitious goal to avoid or sequester over 1 billion tons of CO2 by the end of the next decade.
“Our collaboration reinforces our role as a catalyst for change in accelerating the energy transition by providing clean energy solutions to their operations. It also highlights how vital clean energy is for today's ongoing digital transformation and how corporations can play a pivotal role to accelerate the energy transition, while achieving their sustainability objectives and supporting local communities.”- said Jorge Lara, CEO of Nexwell Power.
* This press release has been prepared for the purpose of announcing to the public certain activities of Nexwell Power and the Nexwell Group, and not for the purpose of soliciting any investment. This press release does not constitute any offer or solicitation to purchase or subscribe any security, including but not limited to notes referenced herein, in any jurisdiction.
Nexwell Power, an institutional-grade platform of Nexwell Group, is a next generation IPP focused on developing and operating flexible renewable infrastructure assets to address customer needs.
Nexwell is an investment platform committed to decarbonization. Founded in 2019 by industry veterans, Nexwell partners with and invests in high-potential companies to accelerate their growth and impact. With extensive operating experience and connections, Nexwell provides capital, strategic guidance, and access to a global network. For further information, please visit https://nexwell.com/
