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Graphic Packaging and NextEra Energy Resources Sign 250-MW Virtual Power Purchase Agreement

LCG, April 29, 2026--Graphic Packaging Holding Company today announced a virtual power purchase agreement (VPPA) with NextEra Energy Resources, LLC. With the VPPA agreement, NextEra Energy Resources plans to build the Selenite Springs Energy Center, a 250-MW solar energy facility in West Texas, and Graphic Packaging will be the sole buyer of the facility's renewable energy attribute certificates. Graphic Packaging, a global provider of sustainable consumer packaging, expects the agreement to cover approximately 43 percent of its 2025 electricity usage in the U.S. and Canada. The agreement will advance Graphic Packaging's commitment to source renewable electricity and reduce its greenhouse gas (GHG) emissions.

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PJM Announces More Than 800 New Generation Projects Seek to Connect the Grid

LCG, April 29, 2026--PJM Interconnection today announced that 811 new generation projects applied to connect to the grid through the first Cycle of PJM's new reformed interconnection process, which is designed to improve the certainty, speed and discipline of generation project review. In total, the generation applications would be capable of generating 220 GW of electricity.

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Industry News

Peru Perseveres with Attempted Deregulation, Hydroelectric Sale

LCG, January 21, 2003-Peruvian officials intend to go through with the sale of a 30-year concession for a national hydroelectric power plant.

The concession sale of the 130-megawatt Yuncan hydroelectric plant, which is expected to be completed by 2004, had been postponed because investors wanted more time to consider the purchase.

Peru has been selling state energy assets in order to raise money, although many public protests have been staged in opposition to the sales. Many Peruvians believe that selling rights to vital energy assets to foreign parties will end in inferior service and environmentally unsound investment.

Peru's Finance Minister Javier Silva Ruete has averred that the concession will be auctioned off within 30 days.

Meanwhile, Peru has separated its government by region. Newly elected Raul Espinoza, as president of the Paso region where the plant will be located, opposes the sale because he worries about conflicts of interest between foreign investors and local people.

Belgian company Tractabel, U.S.-based Public Service Enterprise Group, and Peru's Volcan Compania Minera are all possible bidders for Yuncan. The base price has been set at $60 million.

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