CPS Energy signs agreements for 100MW of solar, 50MW of storage
In Texas, PVTech reported that local utility CPS Energy has reached agreements to purchase an additional 100MW of solar and 50MW of energy storage capacity for its FlexPOWER Bundle initiative. According to the report, the solar capacity part will see Ashtrom Renewable Energy, the renewable energy arm of Israeli conglomerate Ashtrom Group, provide 100MW of the El Patrimonio solar project in Bexar County, Texas, in collaboration with renewable energy project developer OnPeak Power. This power purchase agreement is a 20-year contract with an anticipated commercial operation date of May 2025. Also, Energy investor Eolian will provide CPS Energy with the exclusive right to dispatch a 50MW, two-hour duration energy storage project located in Bexar County, Texas. The agreement is a 20-year contract, and it is expected to be commercially operational in December 2024. “The FlexPOWER Bundle was created to further diversify our generation mix, which we have accomplished. Securing these last three agreements marks the end of a more than two-year-long process that the CPS Energy team has been working on,” said Rudy Garza, president and CEO of CPS Energy. The report stated that the FlexPOWER Bundle will deliver up to 580MW of solar, 50MW of storage and 500MW of natural gas firming capacity.
