$300 million solar commitment in West Texas

While some Oklahoma legislators and the Sierra Club are pushing for more solar energy growth in the state, an Austin, Texas firm is making a $300 million commitment to an energy project in West Texas.

7X Energy Inc. announced it has entered into a power purchase agreement for 250 MWac from phase one of its Taygete Energy Project in Pecos County, Texas.  It did not identify the buyer. The $300 million project is expected to create 400 jobs in the county during peak construction.

The Taygete project, having most major development milestones completed including a signed and fully funded interconnection agreement, is on track to commence construction in Q3 2019 and will be commercially operational in Q1 2021.

The Project will produce over ~737,900 MWh of renewable energy in its first year of operation which equates1 to:

  • Greenhouse gas emissions reduction of more than 70,500 cars off the road for one year
  • Reduction in CO2 emissions of over 116,070 homes’ electricity use for one year
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