CoServ Electric to Purchase More Power from 7X’s Lapetus Energy Project
Austin TX, December 10th, 2018 – CoServ Electric and 7X Energy, Inc. have executed a power purchase agreement (PPA) that will bring 26.5MW solar capacity from 7X’s Lapetus facility in Andrews County, Texas starting 12/31/2019. CoServ previously closed PPA negotiations earlier in 2018 with 7X from the same 7X Lapetus Energy Project, bringing CoServ’s total off-take to 51.5MW. A unique solar product attribute about the PPA, is that 7X will remove intermittent variability associated with solar generation from the facility by delivering fixed hourly blocks of energy.
NRCO managed the RFP and assisted in the PPA negotiations.
The full 7X/CoServ Electric press release can be found here.