Vistra Energy, the parent company for TXU Energy and Luminant, said it has purchased of the Upton County Solar 2 development project in West Texas. The purchase strengthens and expands the company’s solar offerings and helps diversify its energy sources, according to the company.
Simultaneous with the acquisition of the project, Upton 2 entered into a turnkey, fixed-price, engineering, procurement, and construction contract to deliver the 180-megawatt solar plant in the summer of 2018. The Upton 2 facility will provide a company-owned asset as a platform for offering renewable options to a variety of customers throughout Texas, including commercial, industrial, and residential customers.
“This purchase is an additional proof point of Vistra Energy’s ability to uniquely couple our retail business with our commercial operations in a meaningful and beneficial way,” said Curt Morgan, the company’s president and CEO. “It also shows our commitment to expand this model while providing significant advantages compared to a standalone retailer or generator.”
Luminant will ultimately operate and be the qualified scheduling entity for the plant, creating additional commercial options for the generator.
• Utility-scale solar project located in Upton County, Texas.
• 180 MW of installed capacity.
• The Upton 2 solar facility is the largest by capacity in Texas.
• Capacity to power approximately 56,700 average residences in ERCOT during normal weather conditions and 27,700 during periods of hot and high-demand conditions.
• Approximately 500 construction jobs.