CPS Energy signs contract for 50 MW of solar power

CPS Energy in San Antonio said Oct. 15 that it has signed a 50-MW power purchase agreement OCI Solar Power.

This new contract is in addition to a previous mega solar, economic development and PPA brokered in 2012 for 400 MW that established a solar manufacturing hub in San Antonio, CPS said.

“Clean technology generation sources continue to be optimal in an environment of carbon regulation, and we are thrilled to build on our existing solar ecosystem in San Antonio,” stated President and CEO Doyle Beneby. “With this recent agreement, we are staying true to our New Energy Economy framework with OCI Solar using locally manufactured panels and increasing their community education investments.”

OCI Solar Power is currently installing the expanded solar generation near the Alamo 6 solar plant in Pecos County located in West Texas.

To date, 90 MW of energy are online from the original 400 MW PPA, bringing CPS Energy’s total solar portfolio to 134 MW. Another 95 MW will be added by the end of 2015.

By fall 2016, the entire 450 MW will be complete, delivering nearly 500 MW of solar energy to CPS Energy customers and to the state grid.

After CPS Energy signed the renewable energy agreement with OCI Solar Power in 2012, construction got underway on a series of installations. The sites are in Greater San Antonio, Uvalde, Bracketville, and north and west Texas. Alamo 1 through 5 are now complete with the 95 MW Alamo 5 site scheduled to be officially energized in the next couple of months. Alamo 6 and 7 are currently under construction.

CPS Energy’s contract with OCI Solar Power called for $115m in capital investment and 805 jobs, CPS said.

San Antonio-based OCI Solar Power develops, owns and operates solar photovoltaic power plants throughout the United States. Currently, OCI developing 500 MW of solar photovoltaic projects nationwide.

http://newsroom.cpsenergy.com/blog/renewables/solar-renewables/cps-energy-solidifies-its-position-as-solar-leader-in-tx/

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.