BHE Renewables to Acquire Texas Solar Project from OCI Solar
DES MOINES, Iowa – (Jan. 18, 2017) – BHE Renewables announced today it has completed the acquisition of the 110-megawatt Alamo 6 solar project, located in Pecos County, Texas, from OCI Solar Power.
Construction on Alamo 6 began in May 2015, and the site is expected to be in commercial operation by first quarter 2017.
CPS Energy will purchase the electricity from the Alamo 6 solar project according to the terms of a 25-year power purchase agreement. The project will interconnect to the Electric Reliability Council of Texas power region through the Lower Colorado River Authority.
OCI Solar Power is based in San Antonio. BHE Renewables, a subsidiary of Berkshire Hathaway Energy Company, is headquartered in Des Moines.
“We are delighted to add this renewable energy investment to our solar portfolio and to be part of this important project in Texas,” said Richard Weech, senior vice president/chief financial officer, BHE Renewables. “It is great to work with CPS Energy to be able to deliver this clean energy to its customers. The Alamo 6 project demonstrates our commitment to environmental respect and renewable energy. The closing of the Alamo 6 acquisition adds to BHE Renewables’ growing portfolio of renewable energy assets.”
With the addition of the 110 megawatts from the Alamo 6 project, BHE Renewables’ solar portfolio has reached 1,484 megawatts.
BHE Renewables’ solar projects help create local jobs and bring capital investment, property tax revenues, and other economic benefits to local communities, including job opportunities in other sectors, such as transportation and manufacturing. The company is dedicated to the communities where its projects are located and works to meet community needs by supporting local events and initiatives, hiring local workers, offering educational benefits for local schools and universities, and providing information about the projects and the benefits of solar energy.
About BHE Renewables
BHE Renewables is a wholly-owned subsidiary of Berkshire Hathaway Energy and headquartered in Des Moines, Iowa. Since 2012, BHE Renewables has invested extensively in solar, wind, geothermal and hydro projects. As a long-term owner of assets, the company’s photovoltaic solar projects include the 550-megawatt Topaz Solar Farms in San Luis Obispo County, Calif.; the 586-megawatt Solar Star projects, two projects co-located in Kern and Los Angeles counties in California, a 49 percent ownership interest in the 290-megawatt Agua Caliente project in Yuma County, Ariz., and a series of community solar gardens near Minneapolis, Minn. More information is available at www.bherenewables.com.