Can one special purpose entity be used for more than one project

Special Purpose Entity:

A legal entity that is formed with a well-defined, specific purpose that has a narrow scope is known as a special purpose entity or an SPE.

SPEs are usually used as a means to hive off risky projects to another entity so that the originating company/companies remain unaffected if the project undertaken by an SPE fails or in the event of liquidation. 

They are also created in order to facilitate easier disposal of assets, should the need arise.