Graphic Packaging Signs Deal With NextEra Energy Resources for 250-MW Solar Plant in Texas
Graphic Packaging (GPK) said Wednesday it has signed a virtual power purchase agreement with NextEra Energy's (NEE) Energy Resources unit to build a 250-megawatt solar plant in West Texas.The planned Selenite Springs Energy Center in the Electric Reliability Council of Texas market is expected to begin commercial operations at the end of 2027, with Graphic Packaging set to be the sole buyer of its renewable energy attribute certificates, covering about 43% of its 2025 electricity usage across the US and Canada.The Texas project is expected to add new US-made renewable energy to the ERCOT grid, helping address growing electricity demand while supporting grid reliability and cost efficiency, the company said.Price: $9.72, Change: $-0.01, Percent Change: -0.05%