Texas is poised to receive its single largest solar facility which will be built by San Francisco firm, Recurrent Energy. The firm has collaborated with Austin energy to build 150 mega watt solar farm. The solar farm which is expected to be completed by 2016 will boosts Austin’s electricity power. This project will bring Austin a step closer to achieving its 2020 energy goal of getting 35 percent energy from renewable energy sources.
Both companies are tight-lipped as it relates to the cost of the project and the exact location of the solar farm. It was previously thought that the contract would be awarded to SunEdison who offered a bid of a $525 million contract that would last 25 years. Though this was thought to be a very cheap solar deal, the company was beat out by Recurrent Energy who Austin Energy said offered a better deal.