Another solar energy project is coming to north Texas. 7X Energy Inc. a solar developer based in Austin, Texas announced it is partnering with CoServe Electric to construct the project in Andrews County, about an hour from Midland.
Construction is expected to begin in the first quarter of 2019 and during its peak will bring about 150 jobs to the county and inject an estimated $20 million in local property tax revenue over the life of the project. It will be owned, developed and financed by 7X Energy.
CoServe procured 26.5 MW from Brazos Electric Power Cooperative, Inc. through the Lapetus Energy Project in West Texas. The project was also developed and financed by 7X.
The competitively priced fixed blocks prompted CoServ to double its original power purchase, which will benefit the co-op’s more than 235,000 electric meters in the Dallas-Fort Worth area. In addition, Brazos recently purchased 42.5 MW on behalf of seven of its other distribution cooperative members.
CoServ and Brazos were supported in the development of the solar energy contracts by the National Renewables Cooperative Organization.