trending Market Intelligence /marketintelligence/en/news-insights/trending/D-grcujgLVhhrbVpZVVLxA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Austin Energy to buy 200 MW from Avangrid Renewables' Texas wind project

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Energy Outlook for H2 2021

Blog

Corporate renewables market flourished in 2020 despite pandemic

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective


Austin Energy to buy 200 MW from Avangrid Renewables' Texas wind project

Austin Energy signed an agreement to purchase 200 MW of electricity from Avangrid Renewables LLC's planned wind facility in Texas.

With this PPA, Austin Energy will have 1,300 MW of wind power under contract. The utility has an additional 306 MW of utility-scale solar power in its portfolio, with another 320 MW coming online over the next 18 months, according to an Aug. 2 release.

The purchase, approved by the Austin City Council on June 22, will see Austin Energy supply approximately 47% of customer demand with renewable energy. "This agreement is part of our ongoing effort to meet the City Council's goal of 55 percent renewable power by 2025, as we balance environmental progress with affordability," Austin Energy General Manager Jackie Sargent said.

The Iberdrola SA subsidiary is completing the development work with the counties and intends to begin the construction in January 2019.