A 150-megawatt solar power agreement recently finalized, in addition to a 144 megawatt wind power agreement in 2014, will make the City of Georgetown one of the largest municipally-owned utilities in the U.S. to supply its customers with 100 percent solar and wind energy*. The long-term agreements also allow Georgetown to provide competitive electric rates and hedge against price volatility for energy produced by fossil-fuels.
The City of Georgetown signed a power purchase agreement with SunEdison to purchase 150-megawatts of solar power starting in 2016. SunEdison will provide electricity to Georgetown through 2041. The new renewable power contracts signed by Georgetown provide electricity at a lower overall cost than its previous wholesale power contracts.
“SunEdison is very excited to be working with Georgetown Utility Systems to provide their customers with 100 percent renewable, clean energy,” said Paul Gaynor, executive vice president of North America Utility and Global Wind. “Georgetown is an exceptional city, and by going 100 percent renewable they cut down on pollution, save water, and enjoy stable energy prices. They’re able to accomplish all of this without spending a penny up-front with the SunEdison power purchase agreement. Georgetown is a model for other cities that hope to become powered by clean renewable energy.”