First Solar signs PPA with Austin Energy for 119 MW project

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First Solar and Austin Energy announced they have signed a power purchase agreement to supply energy from First Solar’s 119 megawatt AC East Pecos Solar Project.

“There is an irrefutable trend of solar becoming competitive in more geographies. Texas, in particular, shows great promise as an attractive market for solar-generated electricity, and Austin Energy is riding that trend,” said Georges Antoun, First Solar’s president, U.S.

Antoun added that Texas’ business-friendly environment, combined with the largest solar resource in the U.S., makes it an excellent market for utility-scale solar.

First Solar has strategic investements in Texas and across the U.S. southeast, which aim at utilizing the opportunities throughout the region where First Solar’s modules are competitively advantaged.

East Pecos, which First Solar owns and is developing in Pecos County, Texas, is expected to commence construction in early 2016, with commercial operations anticipated in late 2016. The project will create approximately 500 construction jobs.
East Pecos will generate approximately 300,000,000 kilowatt-hours of clean, renewable energy annually — enough to power 27,000 average homes in Austin Energy’s service area — and produce efficient, reliable energy, particularly at peak hours when consumers need it most.

Rajani Baburajan

[email protected]

 

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