HOUSTON – Bracewell & Giuliani LLP represented one of the world’s leading solar developers in a power purchase agreement for its 119 megawatt AC solar facility under development in West Texas. The power purchase agreement, which was entered into with Austin Energy, the City of Austin’s electric utility, provides the developer with a purchaser committed to the procurement of solar energy and represents a significant step towards the achievement of Austin Energy’s solar development goals.
The developer expects to begin construction of the facility in early 2016, and the facility should be operational by the end of 2016. Once completed, the facility is expected to generate approximately 300,000,000 kilowatt-hours of energy annually.
Bracewell attorneys involved in this transaction included:
Partners: Jonathan K. Frels
Associates: Paul M. McBride