San Francisco, United States [RenewableEnergyWorld.com] Gemini Solar Development Company LLC announced that it has been selected to build a 30-megawatt (MW) photovoltaic solar power plant for Austin Energy, a municipal electric utility in Austin, Texas.
The solar power plant will be built on 300 acres of city-owned land located approximately 25 miles east of Austin. Totaling 30 MW, the solar array will be operational by the end of 2010. Gemini Solar will own and operate the solar power plant and sell the electricity to Austin Energy under a 25-year non-escalating power purchase agreement. Suntech’s solar panels will be installed in the 30-MW plant.
“Austin Energy’s leadership in renewable energy is a great example for utilities across the country,” said Kristina Peterson, President of Gemini Solar. “Gemini is proud to have been selected for this showcase project. This reflects Austin Energy’s strong commitment to the increasing adoption of renewable energy and is a great step forward for Texas, a global energy industry leader. Solar is the new cost-effective energy source.”
Gemini Solar is a joint venture between Suntech Power Holdings Co. Ltd. and developer MMA Renewable Ventures. Gemini Solar was formed in October 2008 to develop and finance photovoltaic projects of 10 megawatts and larger.