7x energy solar power development company

PROSPERO ENERGY PROJECT

At 379 MWp, the Prospero facility will be one of the largest solar projects built in Texas.

The Prospero facility is located in Andrews County, Texas, on approximately 4,500 acres of land. Solar energy from the Prospero project will be sold to Shell Energy North America through a 12-year power purchase agreement.

7X Energy originally developed and owned the project, but in late 2016, 7X sold the project to Longroad Energy and stayed on as a joint developer* on the project successfully bringing it to the start of construction. Facebook will provide tax-equity financing for the project which was announced on May 30, 2019.

Project Details

  • Project

Prospero

  • Location

Andrews County, TX on ~4,500 acres

  • Projected Capacity

379 MWp

  • Number of Modules

3,161,280

  • Developer

Jointly developed by 7X Energy and Longroad Energy*

  • Energy Buyer

Shell Energy North America

  • Contract Term

12 years

  • Operational Timeline

2020

project benefits

  • Environmental

Phoebe will produce approximately 738,000 MWh of renewable energy in its first year of operation. This equates1 to:

  • Carbon sequestered by almost 460,763 acres of forest in one year
  • Reduction in greenhouse gas emissions of over 83,000 cars off the road for one year
  • Reduction in CO2 emissions of over 46,000 homes’ electricity use for one year
  • Economic
  • Over the life of the facility, Prospero will inject millions of dollars in property tax revenue into Andrews County

1. https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator (2016 eGrid ERCOT CO2 lbs/MWh emissions factor)

*The joint development arrangement with Longroad has successfully been completed and thus ended on December 31, 2018.

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