Solar Power World

  • Home
  • Top Solar Contractors
  • Solar+Storage
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
      • COVID-19 News
    • Featured
      • Latest Feature Stories
      • Contractors Corner
      • Installation Practices
      • Trends in Solar
      • Folsom Labs Solar Boot-Up
      • The Solar Explorer
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • Manufacturing Locations
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
    • Suppliers
    • Videos
    • Webinars
    • Whitepapers
  • COVID-19 NEWS

7X Energy increases size of Lapetus Energy Project in West Texas by 42.5 MW

By Kelsey Misbrener | December 3, 2018

Share
7X Energy announced the additional procurement of solar energy by Brazos Electric Power Cooperative from the Lapetus Energy Project bringing the project from 25 MW to 67.5 MW.

7X is developing the Lapetus solar project that will deliver firm blocks (SolarBlocks) to the ERCOT North trading hub. The fixed blocks of solar, which can be forecasted down to the 15-minute settlement interval for the duration of the purchase contract, will lock in low energy rates during peak periods when electricity can be most expensive and remove the intermittent variability and weather risk of delivered energy associated with traditional solar PPAs.

Recognizing the value of the firm blocks of power originally procured earlier this year by Brazos Electric on behalf of its member, CoServ, seven other Brazos distribution cooperative members asked the generation and transmission cooperative to purchase additional power from the Lapetus solar project.

“In our continued effort to make renewable energy procurement easier for buyers, we’re excited that Brazos Electric and their members recognized the value of firm blocks,” said Clay Butler, CEO of 7X Energy. “We are committed to meeting our customers’ needs, and that, combined with a steadfast reputation for dependable project execution, is what has made 7X into a market leader today.”

Brazos Electric’s executive VP and general manager Clifton Karnei said, “After taking a poll of our owner-members, seven of our distribution cooperatives requested Brazos to procure cost-effective solar power to supply to their retail members. Brazos Electric again appreciated the opportunity to work with 7X Energy in negotiating the solar PPA on behalf of our seven members to purchase solar power for our owner-members.”

As in the initial firm solar power deal, Brazos Electric was supported in the origination and negotiation of the solar energy contract by the National Renewables Cooperative Organization (NRCO). NRCO provides full origination and development services for its owner-members and electric cooperative customers, with more than 1,600 MW of wind and solar projects completed to date, including 50 cooperative-run community solar farms.

The project owned and in development by 7X Energy, will be constructed in Andrews County, Texas, and is scheduled to commence construction in the next six months. The Brazos purchase agreement represents the largest solar energy contract to date with an electric cooperative in Texas. During peak construction, the solar facility will bring approximately 150 jobs to the county and inject millions in local property tax revenue over the life of the project.

News item from 7X Energy

About The Author

Kelsey Misbrener

Kelsey is senior editor of Solar Power World.

Tell Us What You Think! Cancel reply

Related Articles Read More >

Sungrow energy storage systems going in at 100-MW battery project in Texas
Enphase energy storage systems now compatible with existing M-Series microinverters
PowerMarket and Fairstead bring 497-kW of rooftop community solar to Rhode Island affordable housing complex
President Biden plans to re-enter Paris Climate Agreement

Stay Informed With Great Solar Power Content

Videos Podcasts Webinars Whitepapers

SPW Digital Editions

Solar Power World Digital EditionBrowse the current issue and archived issues of Solar Power World in an easy-to-use, high-quality format. Bookmark, share and interact with the leading solar construction magazine today.

Solar Policy Snapshot

Solar policy differs across state lines and regions. Click to see our monthly roundup of recent legislation and research throughout the country.

Read More >

Popular Posts See More >

Solar investment tax credit extended at 26% for two additional years
The winners and losers in U.S. solar manufacturing in 2020
The changing state of retiring solar panels
Think before trashing: The second-hand solar market is booming
Tweets by @SolarPowerWorld
Solar Power World
  • Top Solar Contractors
  • Solar Articles
  • Top Products
  • Leadership
  • WTWH Media
  • About/Contact Us
  • Advertising
  • Subscribe
  • Windpower Engineering & Development

Copyright © 2021 WTWH Media, LLC. All Rights Reserved. Site Map | Privacy Policy | RSS

Search Solar Power World

  • Home
  • Top Solar Contractors
  • Solar+Storage
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
      • COVID-19 News
    • Featured
      • Latest Feature Stories
      • Contractors Corner
      • Installation Practices
      • Trends in Solar
      • Folsom Labs Solar Boot-Up
      • The Solar Explorer
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • Manufacturing Locations
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
    • Suppliers
    • Videos
    • Webinars
    • Whitepapers
  • COVID-19 NEWS