The announcement of Texas 1.3 GW Solar Projects by Invenergy

On 18th November, Invenergy, an energy developer and operator, said that it had started constructing a solar center with a capacity of 1310 megawatts. The five-phase project will serve residents of Texas’s three counties. The company has entered into an agreement with various cities and corporations regarding its Samson Solar Energy Center. The phases are expected to be online by 2022 and 2023. The project’s total capacity is expected to be more than the 690 megawatts Gemini project, which is the largest solar project in the US. 

As of now, Texas is the epicentre for solar development. In a report released in April, ERCOT predicted that its 2.3 gigawatts installed solar capacity could multiply by two this year. Although most solar projects are in West Texas, the first Invenergy Texas solar project would be built in the state’s northern part, close to the Oklahoma border. The project is expected to generate over $250 million for private landowners and employ over 600 people during its construction. 

The telecommunications giant AT & T has already signed an energy-purchase agreement with a capacity of 500 megawatts, becoming the enormous Samson’s energy output. The second-largest offtake is Honda with 200 megawatts, followed by McDonald with 160 megawatts. Denton and Garland cities, together with Home Depot, contracted capacities of below 100 megawatts each. However, Invenergy did not give details about contract prices. 

In the US, Invenergy, a Chicago-based company, is the leading renewable energy generator with over 3.5 gigawatts of wind and solar throughout the US and Mexico. The company’s major interest is in wind projects, though it is among the top 10 solar producers in the US. Recently, Invenergy started to operate its biggest solar project in Georgia, which has 160 megawatts. 

The project is also expected to promote industrial and commercial renewable procurement annual counts, which plays a major role in pushing solar energy demand. Last year, WoodMac generated 6.7 gigawatts from C&L solar. WoodMac senior solar analyst, Colin Smith, said they were uncertain if the customers would continue paying their purchases due to the Covid-19 pandemic. He added that they are glad since they have continued with their procurement, which means they are still strong. 

However, Colin said that corporate solar procurement is relatively low compared to that of 2019. The company hopes that by the end of 2020, the total procurements would be at 6.3 gigawatts, with a third coming in the final quarter of the year.