U.S.A.'s CPS Energy Purchases 180 MW Of Solar Power from KARE

• The Tierra Bonita solar project is developed and originated by KARE's US development partner OnPeak Power.
• The KARE contract belongs to the utility's goal to add up to 900 MW of clean, sustainable solar power to its power generation mix.

The US-based electric as well as natural gas utility, CPS Energy, has actually introduced that it has actually authorized a contract with Kenlov Ashtrom Renewable Energy (KARE) for the purchase of 180 MW of solar energy. KARE is a Texas-based Independent Power Producer concentrated on the development, building and construction as well as long-lasting management of utility scale solar centers in the United States market.

The main statement of CPS Energy held that the solar project will certainly be developed as well as by KARE's US development partner, OnPeak Power as well as it will provide CPS Energy with 180 MW of the full 305 MW from the Tierra Bonita solar farm when completed. It is stated that Tierra Bonita will be located in West Texas in Pecos County. As the second contract tied to its FlexPOWER Bundle initiative, the KARE contract is part of the utility's goal to amount to 900 MW of clean, lasting solar energy to its power generation mix. The arrangement for the very first 300 MW was checked in May 2022 with Consolidated Edison Development.

Rudy D. Garza, President & CHIEF EXECUTIVE OFFICER, CPS Energy, held, "I am extremely proud of the work the CPS Energy group has done to protect one more 180 MW of solar for our expanding community. This is an extremely critical action as we expect exactly how we're going to power our Greater San Antonio community for the future as well as prepare to replace aging plants."

Ron Nirenberg, Mayor, San Antonio, claimed, "This represents a considerable achievement toward decarbonizing our power generation portfolio and also advances our commitment to boost the quantity of clean, reliable solar energy in San Antonio."

The KARE contract is a 20-year contract with building anticipated to start next year. "We are delighted to partner with CPS Energy as well as begin building on the Tierra Bonita project in early 2023," said Yitsik Marmelshtein, Chief Executive Officer of Ashtrom Renewable Energy. Similar views were shared by Yossi Gvura, Chief Executive Officer of Kenlov Renewable Energy.

Ingmar Sterzing, Managing Partner with OnPeak Power, specified, "The FlexPower Bundle has been a great process for helping CPS Energy obtain competitive solutions to meet their growing as well as developing energy requirements."

CPS Energy stated that the FlexPOWER Bundle Initiative aims to additionally diversify the firm's power generation mix, amounting to 900 MW of solar, as much as 50 MW of energy storage space and also approximately 500 MW of firming capacity.

Launched in November 2020, a request for proposals for the FlexPOWER Bundle caused over 650 proposals from 100 firms across the U.S. and also 10 other nations, including Japan, England and South Korea. CPS Energy expects to settle and also award extra FlexPOWER Bundle contracts within the next few months.