Dallas-based energy generation provider Luminant has entered into a long-term power purchase agreement (PPA) with SunEdison for the provision of 116 MW of solar energy.
Luminant will buy the power generated from SunEdisons Castle Gap facility a solar plant currently under construction in Upton County, Texas.
The addition of solar power to Luminants diverse energy generation sources augments the companys power offering to its customers in Texas. The agreement dictates that Luminant must sell the solar electricity to the ERCOT competitive market.
Calculations of the Castle Gap plants output suggest that the facility will generate enough solar energy to power 58,000 local households annually, and able to meet the peak demand power needs of 23,200 homes.
Spanning approximately 800,000 acres in west Texas, the large-scale SunEdison plant will comprise 485,000 solar panels and is scheduled to begin providing solar power towards the end of 2016.
"As we evaluate our future generation needs, we focus on projects that are profitable and able to compete in the wholesale market," said Mac McFarland, Luminant CEO. "This agreement with SunEdison meets those goals since solar generation costs have become increasingly competitive."
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