The City of Georgetown announced this week that it has signed a power purchase agreement with SunEdison to purchase 150-megawatts of solar power starting in 2016. SunEdison will provide electricity to Georgetown through 2041. The new renewable power contracts signed by Georgetown provide electricity at a lower overall cost than its previous wholesale power contracts.
In addition, Georgetown has contracted with EDF for 144-megawatts out of a 194-megawatt capacity wind project—located 50 miles west of Amarillo—that will begin delivery of power next year. The Spinning Spur 3 project is currently under construction. A 20-year contract with EDF for wind power signed in 2014 will provide competitively-priced renewable energy to Georgetown customers through 2035.
The combination of solar and wind power allows the City to provide energy from complementary renewable sources in order to meet demand patterns. The solar power produced in West Texas will provide a daily afternoon supply peak that matches the daily energy demand peak in Georgetown, especially during the hot summer months. Wind power production in West Texas tends to be highest in the off-peak, evening or early-morning hours. This means that wind power can most often fill power demand when the sun isn’t shining.
The City’s renewable power sources also may lead to an economic development benefit. Many companies, especially those in the high-tech sector, have invested in green sources of power for their office and manufacturing facilities. Georgetown’s 100 percent renewable power supply can help companies to achieve sustainability goals at a competitive price.
Source: Georgetown Utility to Be Powered by Solar and Wind Energy by 2017 Press Release by City of Georgetown. Image Credit: J. Stephen Conn via Flickr.