Avantus notes continued development for its Galloway 2 solar project in Texas
In Texas, Avantus provided an update on the continued development of the Galloway 2 solar project in Concho County, Texas. The company noted that Galloway 2 is creating over 250 peak construction jobs and will generate more than $18 million in local property taxes. Once completed, the project will serve as a dedicated 147 MWdc/110 MWac resource for Texas’ energy grid, generating enough low-cost clean electricity to provide power for 60,000 Texans. Tom Buttgenbach, founder and CEO of Avantus, said” “Avantus is committed to helping Texas reach its potential by bringing in more projects like Galloway 2 to provide low-cost, reliable energy, high-quality jobs, and incredible benefits to local communities like Paint Rock and Concho County.” The majority of the project’s energy is committed to BASF Corporation, who is purchasing renewables to offset the energy demand at its Freeport, Texas site. The Galloway 2 project is owned by Allianz Capital Partners, with Avantus maintaining a minority stake in the project.
