Enel North America has started operations on the 326 MWdirect current Stampede solar + storage project in Hopkins County, Texas. Nesting is the sole tax equity investor for the project and will also purchase the renewable energy properties of the solar power plant’s entire production.
“The Stampede project will add more energy generation to the grid at a time when demand from electrification and data centers is increasing. Additionally, the flexible battery storage system will help stabilize the grid when conditions become more severe,” said Stephen Pike, head of Enel North America’s renewable energy business, Enel Green Power North America.
Stampede’s dual-sided solar panels, which began producing power in June 2024, are combined to produce 86 MW of powerdirect current battery energy storage system, which is currently in final commissioning. The project is expected to generate more than $70 million in tax revenues and payments to landowners over its lifetime.
“At Nestlé, we are seizing opportunities across our business to help create a more sustainable future and achieve net zero emissions. This includes working hard to transform our operations and power our product manufacturing with more renewable electricity,” said Kate Short, Chief Procurement Officer, Nestlé North America. “Our investment in Stampede puts us within striking distance of realizing our sourcing ambition 100% renewable electricity at all our production sites by 2025.”
News item from Enel
