Global Infrastructure SherpaAshtrom Renewable Energy signs 20-year PPA with CPS Energy for El Patrimonio solar project
Ashtrom Renewable Energy has signed a 20-year power purchase agreement (PPA) with CPS Energy for approximately 70% of the electricity produced by its El Patrimonio solar project. This PPA, along with renewable energy certificates, secures a significant portion of the project's output, with the remaining electricity to be sold in the Texas open electricity market.
Counterparts (2)
Subscribe to access full counterpart details, deal analysis, and timeline.
Subscribe from €20/mo →Deal Analysis
- 20-year PPA term with CPS Energy.
- ~70% of El Patrimonio solar output secured.
- Remaining 30% to Texas open electricity market.
- Announced March 13, 2026.
Source Intelligence
Project financing also included a 10-year Production Tax Credit transfer agreement with a US institution. Once operational, the facility is projected to supply electricity to about 37,000 households. The project is also expected to reduce carbon emissions by roughly 170 tons annually.
"Ashtrom Renewable Energy signed an approximately $200 million financing agreement"
"financing agreement with BHI, the U.S. branch of Bank Hapoalim"
"a 10-year Production Tax Credit transfer agreement with a US institution"
"Ashtrom has signed a 20-year power purchase agreement with CPS Energy"
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Subscribe from €20/mo →