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Utilities Online Article |  | |
Houston, TX, Dec. 19, 2006 -- Direct Energy has signed a 15-year power purchase agreement with Horizon Wind Energy's Lone Star Wind Farm. Horizon is a subsidiary of Goldman Sachs Group Inc. Direct Energy will purchase all energy output and renewable energy credits (RECs) from the 200 MW project located 15 miles northeast of Abilene, Texas. The wind farm is scheduled to be complete and operational in the spring of 2007.
The agreement represents Direct Energy's fourth wind power contract in Texas. Direct Energy sources its energy requirements in Texas from a portfolio of its own generation, contracts and traded market purchases. Direct Energy's current portfolio includes three advanced gas turbine/combined cycle power plants including Bastrop Energy Center near Austin, Texas, Frontera Energy Center, in Mission, Texas and Paris Energy Center, in Paris, Texas; in addition to the Buffalo Gap Wind Farm 1 and 2 and Sand Bluff Wind Farm power purchase agreements -- all located in West Texas.
Direct Energy currently offers renewable energy plans in the WTU Retail Energy and CPL Retail Energy territories. The Clean Texas Wind Plan combines equal parts of traditionally generated power with clean, wind- generated power at a price similar to that of traditionally generated power.
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