Avangrid and CPS Energy ramp up Texas wind farm deal.

By Oliver Townsend Jun 5, 2024
Avangrid, CPS Energy expand power purchase agreement for Texas wind farm.jpegOrginal image from: https://www.power-eng.com/renewables/wind/avangrid-cps-energy-expand-power-purchase-agreement-for-texas-wind-farm/

Avangrid, a sustainable energy company, and CPS Energy, a community-owned provider of electric and natural gas services, have expanded their power purchase agreement for the Peñascal I wind farm in Kenedy County, Texas. This agreement allows CPS Energy to access a 161-MW portion of the wind farm, doubling its previous power offtake and demonstrating a commitment to renewable energy.

Expanding Renewable Energy Commitments

The partnership between Avangrid and CPS Energy represents a step forward in supporting clean energy transitions in Texas and beyond. By increasing its power offtake from the Peñascal I wind farm, CPS Energy is aligning with its renewable energy goals and generation plan for the future.

Benefits of the Agreement

The extension and expansion of the power purchase agreement provide CPS Energy with access to sustainable energy sources while managing merchant risk. The Peñascal I wind farm, operational since 2009, serves as a pioneering project on the Texas coast, utilizing 84 turbines to generate a total of 202 MW.

Strategic Growth in Renewable Energy

CPS Energy’s decision to enhance its portfolio of renewable energy sources supports its Vision 2027 goals, which include retiring older generation capacity and transitioning to cleaner energy alternatives. By incorporating wind power into its generation mix, CPS Energy is contributing to the City of San Antonio’s Climate Action & Adaptation Plan.

Driving Towards a Sustainable Future

Avangrid’s collaboration with CPS Energy underscores the importance of fostering partnerships to deliver clean, reliable energy to customers. By expanding access to renewable energy sources like wind power, both companies are advancing sustainability initiatives and reducing carbon footprints in the energy sector.

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