Utility-scale power company Intersect Power has been awarded a power purchase agreement from Austin Energy for a 150MW PV project in Texas that is expected to reach commercial operation in 2020.
Intersect Power, through its IPREH joint venture with Macquarie Infrastructure Corporation, is developing the 150MW project, which will have the capacity to upsize to 180MW. Located in West Texas, Intersect Power boasts an approximate 687 hectare land lease and ERCOT interconnection for this project.
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Sheldon Kimber, CEO and co-founder, Intersect Power, said: “The Intersect Power team has a strong track record of delivering on cost effective solar power. Our expertise in development, design, supply chain and financing allows us to develop projects with compelling economics and this project showcases that capability.”
Jackie Sargent, Austin Energy general manager, added: “This purchase power agreement not only gets us closer to achieving the City’s renewable energy goals, but it’s also a good deal for our customers. I am pleased that we can pursue this affordable project and continue to demonstrate economic and environmental leadership on behalf of our community.”