The Austin City Council approved a 25-year purchase power agreement for 200 MW of coastal wind power from the Penascal III project in Texas.
Iberdrola Renewables Inc. will build the project that will use 84 wind turbines from an undisclosed manufacturer. Austin Energy will buy the output through a 25-year power purchase agreement.
The Penascal project is scheduled for completion by the end of 2012 and will bring Austin Energy’s renewable energy portfolio to about 30 percent. The utility has a goal that 35 percent of the power it provides customers will come from renewable resources by 2020. That total includes purchase power agreements approved in early September 2011 on two other wind projects located near the Texas coast. Those projects are 200 MW from the Los Vientos project by Duke Energy Generation and 91 MW from the White Tail project by MAP Royalty Inc.
Austin Energy said most of the output from the three new projects will occur during peak demand times in the afternoon throughout the year as opposed to wind power from West Texas that blows primarily in the evening hours in the spring and summer.
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