Alphabet's (GOOG, GOOGL) Google has agreed to purchase the initial output from the Steel River Energy Center in Arkansas under a long-term virtual power purchase agreement, the Financial Times reported Tuesday.

Google will purchase the project's initial 1.6 gigawatts of solar generation and 2 gigawatt-hours of battery storage when operations begin in 2029, the report said.

The project is expected to expand to 2.5 gigawatts of solar capacity and 2.9 gigawatt-hours of storage after completion, according to the report.

Google did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)