PowerFin Texas Solar Projects LLC, a solar development firm based in Austin and San Antonio, said May 21 that it recently executed a 25-year power purchase agreement (PPA) for the sale of up to 3.2 MW of solar electricity to Austin Energy.
This is the first project of a much larger Community Solar program, the goal of which is to provide more equitable access to solar throughout the community while generating significant local economic benefits, PowerFin noted. The contemplated site of the initial Community Solar project is in an economic redevelopment area in east downtown Austin.
Said Tuan Pham, PowerFin’s President: “With approximately $150 million of completed solar projects, we are excited to apply our experience in our community. Providing tangible value is PowerFin’s mission, and we look forward to integrating affordable and reliable solar into the existing grid.”
PowerFin Texas Solar Projects us focused on the development and operation of solar projects in Texas. PowerFin Partners LLC is its national affiliate. The companies’ management team has significant experience in energy finance, regulatory affairs, and management of power-generating assets.