Today, large, global corporations and smaller businesses alike play a critical and unique leadership role in the creation of a sustainable, clean energy future. By procuring renewable energy to power their operations, corporates can address climate change concerns and contribute to the reduction of greenhouse gas emissions. Undoubtedly, their efforts have had a positive impact on power sector decarbonization. Solar deployment is now driven largely by corporate off-takers; the vast majority of corporate procurement of renewable energy has been secured via power purchase agreements (PPAs).
The Merit Controls Approach
Like-minded to our corporate partners, the Merit ethos is grounded in advancing the clean energy transition. To that end, we leverage deep electricity market expertise to identify highly attractive renewable sites in Texas with unparalleled competitive advantage. By selectively developing only a handful of projects at any given time, we are able to execute with laser focus, from development through design, optimization and construction.
Our Disciplined Process and Selective Portfolio
Today, two of our utility-scale projects are Concho Valley Solar, a 160 MW project located outside of San Angelo, TX and GulfStar Power Center, a 600 MW solar project located 50 miles south of downtown Houston. Beyond Texas, Merit is developing project sites in several states, which are similarly selected for their unique combination of market access, site attributes and favorable development environment.
In addition to the energy leadership and sustainability advantages, procuring energy via the GulfStar Power Center or Concho Valley Solar helps corporates meet increasingly stringent expectations; both sites offer long-term asset efficiency, reliability with reduced operational risk.