Recurrent Energy has started construction on the 144MW Pflugerville Solar Project located in Travis County, Texas.
To build the solar project, Recurrent Energy has recently secured debt and tax equity financing totaling over $234m.
During the construction stage, the solar project is expected to create 350 construction jobs, of which at least 50% will be performed by local workers.
In addition, the Pflugerville solar project is estimated to generate nearly $350m in tax revenues for Travis County and the Elgin ISD, throughout the life of the project.
After entering into operations, the solar plant is expected to generate enough low-cost clean electricity to power the equivalent of approximately 25,000 Texas homes.
Pflugerville solar project to supply electricity to Austin Energy’s customers
Upon completion, the electricity generated by the solar project will be supplied to Austin Energy’s customers.
In 2018, the utility had signed a 15-year power purchase agreement with Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, to procure the electricity produced by the Pflugerville solar project.
The PPA is expected to contribute to Austin Energy’s renewable energy goals and plans to exit from its coal-fired power generation by the end of 2022.
Currently, the utility serves more than 500,000 customers in the City of Austin, as well as several neighboring areas of Travis County and Williamson County.
Austin Energy general manager Jackie Sargent said: “The project not only expands our renewable portfolio and advances our climate protection goals, it is also located near our customer base.
“The solar project will also deliver affordable energy to our customers and it demonstrates Austin Energy’s continued dedication to fiscal responsibility and environmental leadership. This project is a win-win.”