ERCOT predicts 20 new utility-scale plants to come online by 2020, and Vasari is getting a in on the action with its new target. Source: Flickr/Tom Sales
California-based PV energy provider Vasari Energy is jumping on the new US solar hotspot Texas with plans to develop 500MW of solar by the end of the year.
To kick-off these designs, Vasari has signed contracts and letters of intent to develop a target of 235MW of utility-scale PV in Texas.
"We expect to reach our 500MW development target in Texas before the end of 2017," confirmed Sam Lipman, CEO of Vasari Energy.
"This project will allow Vasari Energy to get closer to its objective of 700MW of solar projects under development in 2017," Lipman added.
Vasari’s pipeline of utility-scale solar projects has surpassed 600MW to date, via markets including Arizona and Georgia, and now Texas.
"Our team is experienced in optimizing solar projects from inception and managing the project through all phases of development, including environmental, transmission, and sale of power to utilities and corporate customers. We believe this approach will resonate in Texas, where utilities and corporations are looking for pure-play solar partners that can aggressively compete with alternative forms of energy,” said Lipman.
Texas utility-scale solar expected to double
Now is as good a time as ever to target solar in Texas, with the number of large-scale solar plants in the state projected to nearly double over the next four years.
The Electric Reliability Council of Texas (ERCOT) has forecast 20 new utility-scale solar projects to come online by the end of 2020. That would bring the total to 41 solar plants in the Lone Star State, which could produce enough electricity annually to power all of Dallas County.
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.