Connexus Energy to Construct 10MW Solar & 15MW Storage Project
Connexus Energy announced the start of construction of a 10 MW solar and 15 MW battery storage project. The project, to be located at two sites within Connexus’ service territory, is the first of its kind to provide cost-effective renewable energy to Connexus’ members with the incorporation of batteries to manage peak demand charges. Connexus engaged NRCO to facilitate a Request for Proposal and structure the transaction with Connexus partners’ Engie North America and NextEra Energy Resources.
The press release can be found here.
Arkansas Electric Cooperative Corporation (AECC) will purchase 100MWs from Wildhorse Mountain Wind Facility
May 29th, 2018 – Southern Power announced the acquisition of the 100MW Wildhorse Mountain Wind Facility from Renewable Energy Systems Americas Inc. (RES). NRCO’s member, Arkansas Electric Cooperative Corporation (AECC), will receive all electric energy, capacity and other attributes from the project under a 20-year power purchase agreement starting in the fourth quarter of 2019.
NRCO originated the project as part of its 2016 RFI solicitation and advised on the PPA negotiations.
The full press release for the project can be found here
Brazos & CoServ Electric sign PPA with 7X Energy
Austin TX, May 24th, 2018 – Brazos Electric, CoServ Electric and 7X Energy, Inc. have executed a power purchase agreement (PPA) that will bring 25MWs of solar capacity from 7X’s Lapetus facility in Andrews County, Texas, and will be commercially available in 2019. As unique attribute about the deal, 7X will remove intermittent variability associated with solar generation from the facility by delivering fixed blocks of energy.
NRCO managed the RFP and led the PPA negotiations for this unique product.
The full 7x press release can be found here