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Google to Pay Entergy Arkansas $526M for Cypress Solar Powering West Memphis Data Center

Entergy logoEntergy
Sig4.35Sen+1.35Env+5.20Soc+1.00Gov-2.90
Alphabet (Google) logoAlphabet (Google)
Sig4.10Sen+3.10Env+5.20Soc+0.80Gov-2.60

Google will pay Entergy Arkansas $526 million to build Cypress Solar, linked to a West Memphis data center. The deal follows a December commission approval of a special rate contract that was mostly kept secret, prompting a lawsuit by the Democrat-Gazette. Entergy will construct the project in Jefferson County, with $443 million in accelerated payments and $83 million in minimum demand payments, supporting a 600-megawatt solar array and 350-megawatt battery.

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