PowerFin Texas works out solar project contract with Austin Energy

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.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.