Avangrid signs power purchase agreement to provide CPS with extra Texas wind farm generation

Thanks to a new power purchase agreement reached between Avangrid, Inc. and CPS Energy, CPS’ portfolio will benefit from an additional 161 MW out of Texas, care of the Peñascal I wind farm.

While the pair previously had a 15-year agreement for energy from Peñascal I, this new arrangement more than doubled CPS’ power offtake, meaning it will take on more than 80 percent of the farm’s generation. The amount supplied should provide enough energy to power about 41,000 Texas homes on average.

“This is another great example of Avangrid working closely with our partners to continue delivering clean, reliable energy to customers,” Pedro Azagra, Avangrid CEO, said. “In this case, we are growing our already strong relationship with CPS Energy to support their growing customer base while managing merchant risk at one of our existing wind facilities. Partnerships like this are critical to supporting a clean energy transition in Texas and beyond.”

CPS noted that the plan will support its Vision 2027 plan, which could see as much as 2,249 MW of older generation capacity retired before 2030. That power will need replacement to keep operations going, and account for new growth in the region. Further, CPS intends to become carbon neutral by 2050.

As for Peñascal I, the farm is located in Kennedy County, Texas. It was the first of its kind along the Texas coast when it entered operation in 2009. Today, it consists of 84 turbines capable of generating 202 MW of total renewable energy.

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