Adapture Renewables, top developer and owner of renewable energy assets, announced this Tuesday the completion of a 13 megawatts solar development in Runge, Texas. This project is the first one in Karnes County, on the top oil producing counties in Texas.
Firstly, the project entered into commercial operations in December 2020; it sells its electricity to the Electric Reliability Council of Texas’ (ERCOT) market. The solar site is called Catan Solar project.
Secondly, Adapture Renewables financed the construction of the site with in-house capital; consequently, the company will own it and operate it for the long term. In this regard, the project “demonstrates the company’s ability to leverage its proven track record, deep domain expertise; and also, comprehensive in-house development.”
Thirdly, the Catan Solar project will generate long-term benefits for the surrounding community; as it will help reduce energy costs for Karnes County residents.
In addition, Texas will see the largest growth of solar energy in any state of the nation, for 2021. It will account for 28% of the new planned solar capacity of the nation, according to a recent report from the Energy Information Administration.
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Adapture to contribute to exponential growth of Texas in renewables
Consequently, with this project the company will not only contribute to the state’s growth on renewables; but also, will increase its portfolio of solar energy generating assets in Texas to 95 MW DC; and also 239 MW DC in total across the country.
Moreover, David FitzGerald, Director of Project Management at Adapture Renewables said. “The Catan Solar project presented an exciting opportunity for our team. Being our first project in Texas, our team learned and adapted quickly to the local nuances and procedures in the region and built lasting relationships with local partners to complete the project on time and on budget.”
On the other hand, County’s Runge Mayor, Homer Lott, said. “Adapture did a great job, and did it fast. This will be a good thing with renewable energy. It can help us out when we have outages for power.”
Finally, he remarked. “Advantages of this solar, as well as others, is the long-term property tax. In addition, the project provides local use of locally generating renewable energy under a long-term fixed price contract.”
