Direct Energy Buys Lone Star Wind Farm RECs

Direct Energy signed a 15-year power purchase agreement (PPA) with Horizon Wind Energy’s Lone Star Wind Farm to purchase all energy output and Renewable Energy Credits (RECs) from the 200-megawatt (MW) project, which is scheduled to be operational by spring of 2007.

This PPA is Direct Energy’s fourth wind power contract in Texas and expands the company’s renewable power portfolio to 643 MW; its current portfolio includes three advanced gas turbine/combined cycle power plants (in Texas), in addition to the Buffalo Gap Wind Farm 1 and 2 and Sand Bluff Wind Farm PPA (West Texas). Direct Energy is currently offering renewable energy plans in two regional territories. The Clean Texas Wind Plan combines equal parts of traditionally generated power with wind-generated power at a price similar to that of traditionally generated power. The Pure Texas Wind Plan is a 100 percent renewable energy option that allows consumers to fully support renewable energy generation. According to Phil Tonge, president of U.S. Operations for Direct Energy, “Renewable energy development provides major benefits for industry, consumers and the environment, and the Lone Star Wind Farm specifically affords us the opportunity to secure a long-term source of clean energy and deliver on our commitment to providing our customers with a renewable product.”
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