Intersect Power secures PPA for 150MW PV project in Texas
Utility-scale power company Intersect Power has been awarded a power purchase agreement from Austin Energy for a 150MW PV project in Texas that is expected to reach commercial operation in 2020.
Intersect Power, through its IPREH joint venture with Macquarie Infrastructure Corporation, is developing the 150MW project, which will have the capacity to upsize to 180MW. Located in West Texas, Intersect Power boasts an approximate 687 hectare land lease and ERCOT interconnection for this project.
Sheldon Kimber, CEO and co-founder, Intersect Power, said: “The Intersect Power team has a strong track record of delivering on cost effective solar power. Our expertise in development, design, supply chain and financing allows us to develop projects with compelling economics and this project showcases that capability.”
