US ContourGlobal Signs 1 Terawatt-Hour Power Purchase Agreement with Tesla

en.Wedoany.com Reported - Independent power producer ContourGlobal has signed a long-term power purchase agreement (PPA) with Tesla for the Project Sterling initiative. The agreement covers approximately 1 terawatt-hour of electricity annually, representing about 90% of the project's yearly generation capacity, and includes renewable energy certificates (RECs). Headquartered in the UK, ContourGlobal focuses on renewable energy and thermal power generation.

The project's installed capacity includes 509 MW (450 MW AC) of solar photovoltaic and a 360 MW/1.4 GWh battery energy storage system, making it ContourGlobal's largest renewable energy asset once completed. ContourGlobal acquired Project Sterling in December 2024, with project development scheduled for 2025; on-site construction is expected to begin in 2026 and be completed in 2028.