AUSTIN (KXAN) — Austin’s power company will meet its 2020 goal for more solar power capacity early thanks in part to a deal announced Thursday with Recurrent Energy.
Austin Energy is contracting with Recurrent Energy to produce 150 Megawatts of solar power in what will be a massive West Texas solar power plant.
“Solar power has reached a price that is competitive in the ERCOT market, allowing us to further diversify our energy portfolio with renewable resources,” Austin Energy General Manager Larry Weis said.
Austin Energy already generates 50 MW of solar power locally. So, an additional 150 MW boosts its overall solar production to it’s goal set for 2020; albeit several years early. The new solar project will also help the local utility reach its goal of 35 percent renewable energy by 2020.
A spokesperson for Recurrent Energy tells KXAN News that the company hopes to have more Texas projects in the future.