EDF Renewables North America and Masdar Sign Power Purchase Agreement with Soluna Holdings
EDF Renewables North America and Masdar have signed a significant power purchase agreement (PPA) with Soluna Holdings (NASDAQ: SLNH) for their Las Majadas Wind Project. Under the agreement, Soluna will purchase up to 166 megawatts (MW) of energy to power their new data center, Project Kati, which will be built near the wind project's substation in Willacy County, Texas.
The innovative PPA structure addresses transmission constraints and curtailment challenges by utilizing behind-the-meter power. Project Kati will adjust operations during peak grid demand periods. The Las Majadas Wind facility, with a total capacity of 273 MW, has been operational since 2021.
This partnership aims to support the growing electricity demands of data centers, particularly driven by AI applications, while advancing renewable energy adoption. The agreement provides an alternative solution to capture under-utilized electricity while powering energy-intensive computing operations with clean energy.
EDF Renewables North America e Masdar hanno firmato un importante accordo di acquisto di energia (PPA) con Soluna Holdings (NASDAQ: SLNH) per il loro progetto eolico Las Majadas. In base all'accordo, Soluna acquisterà fino a 166 megawatt (MW) di energia per alimentare il loro nuovo centro dati, Project Kati, che sarà costruito vicino alla sottostazione del progetto eolico nella contea di Willacy, Texas.
La struttura innovativa del PPA affronta le limitazioni di trasmissione e le sfide di limitazione utilizzando energia dietro il contatore. Il Project Kati regolerà le operazioni durante i periodi di massima domanda della rete. L'impianto eolico Las Majadas, con una capacità totale di 273 MW, è operativo dal 2021.
Questa partnership mira a supportare la crescente domanda di elettricità dei centri dati, in particolare alimentata dalle applicazioni di intelligenza artificiale, promuovendo al contempo l'adozione di energie rinnovabili. L'accordo fornisce una soluzione alternativa per catturare energia elettrica poco utilizzata mentre alimenta operazioni di calcolo ad alta intensità energetica con energia pulita.
EDF Renewables North America y Masdar han firmado un importante acuerdo de compra de energía (PPA) con Soluna Holdings (NASDAQ: SLNH) para su proyecto eólico Las Majadas. Según el acuerdo, Soluna comprará hasta 166 megavatios (MW) de energía para alimentar su nuevo centro de datos, Project Kati, que se construirá cerca de la subestación del proyecto eólico en el condado de Willacy, Texas.
La estructura innovadora del PPA aborda las limitaciones de transmisión y los desafíos de reducción utilizando energía detrás del medidor. El Project Kati ajustará sus operaciones durante los períodos de máxima demanda de la red. La instalación eólica Las Majadas, con una capacidad total de 273 MW, ha estado operativa desde 2021.
Esta asociación tiene como objetivo apoyar la creciente demanda de electricidad de los centros de datos, impulsada en particular por las aplicaciones de inteligencia artificial, mientras avanza en la adopción de energías renovables. El acuerdo proporciona una solución alternativa para capturar electricidad poco utilizada mientras alimenta operaciones informáticas intensivas en energía con energía limpia.
EDF Renewables North America와 Masdar는 Soluna Holdings (NASDAQ: SLNH)와 Las Majadas 풍력 프로젝트를 위한 중요한 전력 구매 계약(PPA)을 체결했습니다. 계약에 따라 Soluna는 텍사스 Willacy 카운티의 풍력 프로젝트 변전소 근처에 건설될 새로운 데이터 센터인 Project Kati에 전력을 공급하기 위해 최대 166 메가와트 (MW)의 에너지를 구매할 것입니다.
혁신적인 PPA 구조는 계량기 뒤의 전력을 활용하여 전송 제약 및 제한 문제를 해결합니다. Project Kati는 전력망 수요가 최고조에 이를 때 운영을 조정할 것입니다. Las Majadas 풍력 시설은 총 용량 273 MW로 2021년부터 운영되고 있습니다.
이 파트너십은 AI 애플리케이션에 의해 주도되는 데이터 센터의 전기 수요 증가를 지원하면서 재생 가능 에너지 채택을 촉진하는 것을 목표로 합니다. 이 계약은 청정 에너지로 에너지 집약적인 컴퓨팅 작업을 수행하면서 활용되지 않는 전기를 포착할 수 있는 대안 솔루션을 제공합니다.
EDF Renewables North America et Masdar ont signé un accord d'achat d'énergie (PPA) significatif avec Soluna Holdings (NASDAQ: SLNH) pour leur projet éolien Las Majadas. En vertu de l'accord, Soluna achètera jusqu'à 166 mégawatts (MW) d'énergie pour alimenter son nouveau centre de données, Project Kati, qui sera construit près de la sous-station du projet éolien dans le comté de Willacy, au Texas.
La structure innovante du PPA aborde les contraintes de transmission et les défis de réduction en utilisant de l'énergie derrière le compteur. Le Project Kati ajustera ses opérations pendant les périodes de forte demande du réseau. L'installation éolienne Las Majadas, avec une capacité totale de 273 MW, est opérationnelle depuis 2021.
Ce partenariat vise à soutenir la demande croissante d'électricité des centres de données, particulièrement alimentée par les applications d'IA, tout en faisant progresser l'adoption des énergies renouvelables. L'accord propose une solution alternative pour capter l'électricité sous-utilisée tout en alimentant des opérations informatiques énergivores avec de l'énergie propre.
EDF Renewables North America und Masdar haben einen bedeutenden Stromabnahmevertrag (PPA) mit Soluna Holdings (NASDAQ: SLNH) für ihr Windprojekt Las Majadas unterzeichnet. Im Rahmen des Vertrags wird Soluna bis zu 166 Megawatt (MW) Energie kaufen, um ihr neues Rechenzentrum Project Kati zu betreiben, das in der Nähe der Umspannstation des Windprojekts im Willacy County, Texas, gebaut wird.
Die innovative PPA-Struktur geht auf Übertragungsengpässe und Einschränkungen ein, indem sie Energie hinter dem Zähler nutzt. Project Kati wird die Betriebsabläufe während der Spitzenzeiten der Netznachfrage anpassen. Die Windkraftanlage Las Majadas hat eine Gesamtkapazität von 273 MW und ist seit 2021 in Betrieb.
Diese Partnerschaft zielt darauf ab, die wachsende Stromnachfrage von Rechenzentren zu unterstützen, die insbesondere durch KI-Anwendungen vorangetrieben wird, und gleichzeitig die Nutzung erneuerbarer Energien zu fördern. Der Vertrag bietet eine alternative Lösung, um ungenutzte Elektrizität zu erfassen, während energieintensive Rechenoperationen mit sauberer Energie betrieben werden.
- Secured major PPA for up to 166MW of wind power
- Innovative behind-the-meter solution reduces transmission costs
- Strategic positioning in growing data center/AI market
- Flexible operations model allows revenue optimization during peak grid demand
- Operations subject to curtailment during certain market conditions
- Significant power consumption dependency on single wind project
- by physical co-location requirement with wind facility
Insights
This power purchase agreement (PPA) represents a significant strategic development for Soluna Holdings. Securing up to
The behind-the-meter power arrangement offers Soluna potential economic advantages compared to traditional grid-purchased electricity. By positioning their data center adjacent to the wind project's substation, Soluna eliminates transmission costs and reduces exposure to grid congestion pricing, which could significantly improve their unit economics in the competitive data center space.
The flexible curtailment structure is particularly noteworthy as it allows Soluna to monetize what would otherwise be wasted energy during periods of grid congestion, while still supporting grid reliability by reducing consumption when electricity is most needed elsewhere. This innovative approach transforms a grid management challenge into a business opportunity.
For investors, this agreement represents a material development that supports Soluna's positioning in the high-growth AI computing infrastructure market, which requires significant power resources. The deal also enhances Soluna's sustainability credentials, potentially attracting ESG-focused capital as they scale their operations.
This agreement showcases an innovative solution to one of renewable energy's persistent challenges – curtailment due to transmission constraints. By co-locating Soluna's data center near the wind project's substation, both parties create value from electricity that might otherwise be wasted during congested periods.
The structure demonstrates sophisticated energy management thinking: Soluna gains access to competitively-priced renewable power, while EDF Renewables and Masdar secure an additional revenue stream for generation that might otherwise be curtailed. The curtailment provisions ensure this arrangement supports rather than stresses grid reliability.
For Soluna, this represents a competitive advantage in data center operations where power costs typically account for
This model could become increasingly valuable as renewable penetration grows across electricity markets. Similar arrangements might proliferate as more data center operators seek both renewable credentials and cost advantages, particularly for power-intensive AI applications that can tolerate intermittent curtailment without affecting service quality – essentially creating a symbiotic relationship between variable renewable generation and flexible computing loads.
Las Majadas wind project will supply clean power to co-located data center;
Agreement provides an innovative solution to capture under-utilized electricity from wind farm.
Las Majadas wind project in
Under the terms of the agreement, Soluna will purchase up to 166 megawatts (MW) of energy produced by the Las Majadas Wind Project to power a Soluna data center to be built close to the wind project’s substation.
Soluna’s data center, named Project Kati, will utilize behind-the-meter power generated by the wind project, while also curtailing their operations under certain market conditions when energy is most needed by the grid. This innovative PPA structure provides a flexible solution to the challenges of transmission constraints and curtailment, essentially allowing an alternate route to capture under-utilized electricity. In parallel, it provides clean power to an energy intensive operation—advanced computing applications, including artificial intelligence (AI).
Electricity consumption from data centers is growing and expected to reach 1,000 TWh, with the AI boom driving increased global demand. Renewable energy is expected to play a key role in supplying data centers with electricity, while helping suppliers meet net-zero targets.
According to Gabe Messercola, Associate Director, Capital Improvements Portfolio Management at EDF Renewables, “Behind-the-meter offtake opportunities present a unique advantage for market-exposed renewable projects by physically delivering a portion of a plant’s power directly to a co-located buyer’s facility. We are pleased to collaborate with Soluna to secure a win-win situation.”
Dustin Priemer, Director of Asset Management, Masdar Americas said, “As data centers continue to expand across the
Las Majadas Wind, located in
About EDF Renewables North America
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distribution-scale power: solar and storage; asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects, and onsite solutions, through the Company’s PowerFlex subsidiary, offering a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 23 GW of developed projects and 16 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renewables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Instagram and Facebook.
About Masdar
Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy leader, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250304339415/en/
Media Contacts:
EDF Renewables
Sandi Briner
mediarelations@edf-re.com
Abu Dhabi Future Energy Company – Masdar
press@masdar.ae
Source: EDF Renewables North America
FAQ
What is the capacity of Soluna Holdings' power purchase from Las Majadas Wind Project?
How will Project Kati benefit from the Las Majadas Wind Project PPA?
Where is the Las Majadas Wind Project located and what is its total capacity?
How does this PPA address transmission constraints for SLNH?
