Austin Energy invests $1.4 billion in wind power

Texas-based Austin Energy recently approved power purchase agreements (PPAs) totaling about $1.4 billion to support construction of 570 MW of new wind energy.

But unlike most Texas wind projects, these new wind farms will be built close to the Gulf Coast, not in West Texas, because the wind patterns in the Gulf better match the timing of electric use by the city's 420,000 customers.

In late June, the Austin City Council approved PPAs of up to 25 years with Duke Energy Renewables, a unit of Duke Energy Corp., and E.ON Climate & Renewables North America LLC, a unit of E.ON SE.

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