Austin Energy inks big power deals for wind energy

September 6, 2013 by  
Filed under Green Energy News



Austin Energy has approved power purchase agreements totaling about $1.4 billion to build 570 megawatts of new wind power near the Texas Gulf Coast, according to a report. 

Austin Energy has approved power purchase agreements totaling about $1.4 billion to build 570 megawatts of new wind power near the Texas Gulf Coast, according to a report. 










Robert Grattan
Staff Writer- Austin Business Journal

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Austin Energy recently approved around $1.4 billion in power purchase agreements for new wind energy generation.

The windfarms, which are expected to generate 570 megawatts of power, are to be built closer to the Gulf Coast to better match the electric use by the city’s 420,000 customers, according to an Industrial Info Resources release.

The agreements were worked out in June with North Carolina-based Duke Energy Renewables, a division of Duke Energy Corporation (NYSE: DUK) and Chicago-based E.ON Climate Renewables North America LLC, a unit of the German company E.ON SE.

Industrial Info has more coverage of the deals online here.

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