May. 26 at 7:52 PM
$ENLT has entered a significant long duration power agreement in the United States, marking a structural expansion into commercial data center energy supply.
The company signed a 15 year power purchase agreement to deliver 200 MW of solar generated electricity from a planned Oklahoma based project to Google, supporting regional data center operations.
The project, developed through its US subsidiary Clenera, involves a 250 MWdc solar facility located in LeFlore County and is designed to feed power into the Southwest Power Pool market at a fixed pricing structure.
Construction is expected to begin in 2028, with commercial operation targeted for 2029. The development may also include up to 800 MWh of battery storage capacity in later phases.
This agreement represents the company’s first major US commercial off take deal beyond traditional utility counterparties, expanding its exposure to large scale technology infrastructure demand.
The Southwest Power Pool region is experiencing accelerating electricity demand driven by electrification, industrial expansion, and rapid growth in hyperscale data center construction.
Market projections indicate nearly 5 GW of peak load growth by 2029, alongside over 5.7 GW of fossil fuel capacity expected to retire during the same period, creating structural demand for replacement generation.
The deal highlights the increasing convergence between renewable energy developers and hyperscale technology companies, where long term contracted clean energy supply is becoming essential for data driven infrastructure expansion.
