100% Renewable Energy Powered Georgetown, Texas

You can bet we will follow up with a radio show and discussion on Georgetown's conversion to 100% clean energy.  We are not sure how many cities or towns in the US can boast about this,  We have one in RI working towards the same incredible accomplishment.

For these cities and towns, it allows them to fix their electrical costs,which frees up future cash flow for many other needed investments.  It is also interesting to see Sun Edison behind so many large-scale projects.  They have clearly changed the energy landscape in the US.

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SunEdison, Inc. (NYSE: SUNE), has announced it will build new solar power generation facilities in West Texas to enable the City of Georgetown to go 100% renewable.

Georgetown, located 42 km north of Austin’s Central Business District, is a city with a population of approximately 47,400 and home to Southwestern University, the oldest university in Texas.



The 150MW of SunEdison solar plants will generate more than 9,500 gigawatt-hours of clean electricity to Georgetown through 2041, enough to power more than 24,000 households.

The projects  will create close to 800 jobs during construction and will be interconnected in 2016. Upon completion, SunEdison says it expects to offer the Georgetown project for investment to TerraForm Power, Inc. (NASDAQ: TERP), SunEdison’s yieldco.

“Georgetown is an exceptional city, and by going 100% renewable they will cut down on pollution, save water, and enjoy stable energy prices,” said Paul Gaynor, Executive Vice President of North America Utility and Global Wind at SunEdison.

” They’re able to accomplish all of this without spending a penny up front with SunEdison’s power purchase agreement. Georgetown is a model for other cities that hope to become powered by clean renewable energy.”

SunEdison was the first solar energy provider in the world to offer a solar Power Purchase Agreement, also known as a solar PPA. The Georgetown project represents the largest utility scale solar agreement in Texas for the company to date.

According to Jim Briggs, interim city manager for Georgetown and general manager for utilities, the solar PPA along with a 144 megawatt wind power agreement finalized in 2014 will make Georgetown Utility Systems one of the largest municipal utilities in the USA to be 100% renewable powered.
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