Iberdrola Renewables, a provider of wind power, has entered into a 15 years power purchase agreement (PPA) with Bryan Texas Utilities (BTU), an electric utility, the City of Bryan, to sell 30MW of renewable energy from Iberdrola's Penascal 2 Wind Project near Sarita, Texas.
Iberdrola Renewables will begin power deliveries from the 202MW Penascal 2 Wind Project, which was placed in service in February 2010 in Kenedy County, Texas, on 1 January 2011 for BTU that serves customers in Brazos, Burleson and Robertson counties in central Texas.
Because of the stability in Iberdrola Renewables’ price of fuel, the company will be able to provide the wind energy at long-term price certainty from a facility which generates power without air emissions or water consumption.
BTU general manager Dan Wilkerson said that the Penascal Wind project is favorably located and has already begun operations, proving its ability further diversifying and hedging BTU’s power supply.
“We 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,” Wilkerson said.