CONSTRUCTION BEGINS FOR 7.5MW TEXAS SOLAR PORTFOLIO
Useful Links
Information
Construction has begun on a portfolio of seven distribution-connected ground mount solar projects that will service the territories of five electric Co-operatives in central and west Texas. Renewable Energy developers Saturn Power Inc, headquartered in Ontario, Canada and UPower Energy, based in Austin Texas, have worked collaboratively to develop this 7.5 MW solar portfolio which will bring clean, affordable, and locally sourced renewable energy to these communities.
Saturn Power and UPower are helping these Cooperatives provide emission-free renewable energy to residents in their respective communities while also achieving meaningful cost savings through avoidance of demand charges and generation capacity charges from their transmission providers. The generated electricity will be sold via individual 20-year power purchase agreements with the Cooperatives including PenTex Energy, Heart of Texas Electric Cooperative, Comanche County Electric Cooperative, Bartlett Electric Cooperative and South Plains Electric Cooperative. The projects range in size from 500KW to 1.4MW.
The opportunity to develop this solar portfolio was awarded to Saturn Power through a competitive Request for Proposal (RFP) process run by the Rocky Mountain Institute (RMI) on behalf of multiple Texas Electric Cooperatives. The Saturn team designed, developed and permitted the projects to Notice to Proceed (NTP) stage and then engaged the local Texas developer UPower to take over the portfolio through financing, construction and long-term ownership and operation.
