A France-based power group mentioned it has an settlement to purchase three pure gas-fired energy vegetation in Texas. The amenities, one close to Dallas and two south of Houston, symbolize about 1.5 GW of technology capability.
TotalEnergies, a multinational firm working in a number of power sectors and headquartered in Paris, France, introduced the $635 million deal on Nov. 13. The vegetation have been owned by Houston-based TexGen Energy. The amenities function inside the Electrical Reliability Council of Texas (ERCOT).
The vegetation embody:
- Wolf Hole 1, a 745-MW mixed cycle gasoline turbine (CCGT) plant in Granbury, southwest of Dallas.
- Colorado Bend 1, which features a 530-MW CCGT and a 74-MW open-cycle gasoline turbine (OCGT), positioned in Wharton, southwest of Houston.
- La Porte, a 150-MW OCGT, positioned in La Porte southeast of Houston.
TotalEnergies on Monday mentioned the gas-fired vegetation develop the corporate’s portfolio in Texas, which incorporates 2 GW of put in renewable power technology capability. TotalEnergies additionally mentioned it has a further 2 GW of renewable power initiatives below development, and one other 3 GW below improvement. The corporate mentioned the newest acquisitions will strengthen its buying and selling capabilities within the Texas’ pure gasoline and electrical energy markets.
“We’re delighted with the settlement signed with TexGen to accumulate 1.5 GW of CCGT in ERCOT. After the signing of a number of company PPA [power purchase agreements] during the last couple of years and the latest start-up of the utility-scale Myrtle photo voltaic plant, this deal is a serious milestone for our Built-in Energy technique within the ERCOT market,” mentioned Stephane Michel, president of the Fuel Renewables & Energy group at TotalEnergies. “These vegetation will allow us to enrich our renewable property, intermittent by nature, present our clients with agency energy, and make the most of the volatility of electrical energy costs. This acquisition will contribute positively to our profitability goal of 12% ROACE [return on average capital employed] by 2028 for our Built-in Energy enterprise section.”
—Darrell Proctor is a senior affiliate editor for POWER (@POWERmagazine).
