Nova Clean Energy secures agreements for 1GW power projects

October 30, 2024

The projects will provide up to 1GW of clean power to meet the growing electricity demand in the Texas power grid. Credit: Vera Larina/Shutterstock.

Nova Clean Energy has executed interconnection agreements and related high-voltage equipment supply contracts for a significant portfolio of wind power projects in Texas.

The projects will provide up to one gigawatt of clean power to meet the growing electricity demand in the Texas power grid.

The wind portfolio includes multi-phase projects located in the Delaware Basin and the central Gulf Coast areas of Texas, and features co-located battery storage, enhancing the reliability of the power supply.

Construction on the power generation facilities will begin in late 2025, with Nova anticipating the commencement of power delivery in the winter of 2026.

Nova is also finalising agreements for an additional 500MW of solar and storage within the state.

Nova president Ben Pratt stated: “We are very pleased to reach this important milestone for much-needed Texas power generation. Demand growth in Texas only shows signs of accelerating, and ‘lead time to power’ is now a major concern for many large customers.

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“Nova is proud to play a role in delivering clean native power where and when the Texas market needs it most.”

These regions are strategically positioned to cater to the surging demand from sectors including oil and gas, petrochemicals, green fuels and data centres.

Nova Clean Energy is majority-owned by global renewable energy investment company Bluestar Energy Capital and has Great Bay Renewables, a provider of royalty investments, as a co-investor.

In April 2024, it acquired the 1GW wind and solar development portfolio from BNB Renewable Energy.

Bluestar Energy Capital also further expanded its reach by launching Noveria Energy, a project development platform focusing on European battery energy storage systems (BESS), in July 2024.