Deals between corporates and Texas - based solar providers are growing in popularity as the renewable energy source becomes more economically competitive . Prices for power sharing agreements ( PPA ) in the state have fallen below $ 30 per MW . Anheuser - Busch recently signed a 15-year agreement with Recurrent Energy for a 222 % deal . The brewer previously said it would generate 100 % renewable electricity by 2025 and is now on target to beat this by several years . Other recent Texan agreements include Starbucks ’ agreement with Cypress Creek Renewables and Facebook ’s direct investment in a renewable project in the state .
Deals between corporates and Texas-based solar providers are growing in popularity as the renewable energy source becomes more cost competitive. Prices for power purchase agreements (PPA) in the state have fallen below $30 per MW. Anheuser-Busch recently signed a 15-year PPA with Recurrent Energy for a 222 MW project. The brewer previously said it would buy 100% renewable electricity by 2025 and is now on target to beat this by several years. Other recent Texan deals include Starbucks’ agreement with Cypress Creek Renewables and Facebook’s direct investment in a renewable project in the state.