In a significant development within the energy transition landscape, Scout Clean Energy has signed a Virtual Power Purchase Agreement (VPPA) with Oracle for the Ranchero Wind Farm in Texas. This agreement represents a key component of Oracle’s broader initiative to invest in more than 1.7 gigawatts of renewable energy projects in Texas. The Ranchero Wind Farm, operational since 2019, stands as Scout’s largest renewable energy project, with the capacity to power approximately 177,000 homes annually. This partnership underscores a commitment to expanding carbon-free electricity and supporting the reliability and resilience of the Texas energy grid, aligning with Oracle’s goal to match 100% of its AI data center energy needs with carbon-free electricity by 2035.
In other market news, Inner Mongolia MengDian HuaNeng Thermal Power was a notable mover up 8.1% and ending the day at CN¥5.10. In the meantime, Jiangsu Leadmicro Nano-Equipment Technology trailed, down 11.7% to finish the session at CN¥89.58.
Best Energy Transition Stocks
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Vistra ended the day at $166.72 up 3.9%.
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Tesla closed at $377.81 down 0.8%.
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GE Vernova ended the day at $997.09 down 3.1%.
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Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
