Located in West Texas, Intersect Power boasts an approximate 687 hectare land lease and ERCOT interconnection for this project. Image: Stuart Seeger / Flickr
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.
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.”
Solar Media’s Energy Storage Summit Americas has arrived in Fort Lauderdale to provide a platform for this next step in renewable energy industry. The energy storage market and development brings as many challenges as it does advancements, with a myriad of technologies, capacities, functions, and lifespans. With most projects still in development and technologies with sparse track records, knowledge in this fledgling industry is invaluable. Investors, utilities, consumers, and all renewable energy participants have to not only understand the market, but be able comfortable enough to make the right investment in energy storage to not be left behind the curve. Our event is the platform for companies to bridge the gap between “future energy storage plans” and “installed energy storage”. Join us to discuss the latest news on standardization, comparing battery technologies, financing projects in different markets, resilient microgrids, and storage use for emergency response and aid, among many others. We will not only to educate and familiarize attendees on the capabilities and benefits of energy storage, but make the connections, and introductions, to accelerate energy storage development in North, Central, and South America.