Iberdrola Renewables has signed a 15-year power purchase agreement (PPA) with the City of Bryan, Texas, through its electric utility Bryan Texas Utilities (BTU), to sell 30MW of clean and renewable energy from its Penascal 2 Wind project in Kenedy County.
The 202MW Penascal 2 Wind project was placed in service in February 2010, and power deliveries to the City of Bryan will begin in January 2011.
Iberdrola Renewables vice president Barrett Stambler said that because the price of the company’s fuel does not fluctuate, it provides long-term price certainty from a facility which generates power without air emissions or water consumption.
BTU general manager Dan Wilkerson said that the company will meet a portion of the expected near-term demand growth of the BTU system’s ratepayers with clean, renewable energy at a price competitive with conventional alternatives.
"The Penascal Wind project is favorably located and has already begun operations, proving its ability further diversifying and hedging BTU’s power supply," Wilkerson said.