Luminant, based in Dallas, did not detail terms of the deal, which it calls the “largest in the nation for a merchant generator in a competitive market.” It is the coal-dominated company’s first such transaction for solar.
SunEdison did not immediately comment on the deal.
Delivery will begin in late 2016, qualifying the project for the federal 30% investment tax credit.
The facility will provide power for 58,000 Texas homes during normal demand and 23,000 during peak demand, according to Luminent.
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