TXU Wholesale to Add 125 Megawatts of Wind Power
TXU Wholesale, a subsidiary of TXU Corp, announced today it has increased its portfolio of wind power contracts with a 125-megawatt (MW) agreement with Airtricity, a world-leading renewable energy company based in Dublin, Ireland.
"TXU is committed to building on its leadership position in wind power," said Mike McCall, Chairman and CEO of TXU Wholesale. "The growing Texas market indicates there is a consumer demand for renewable energy, and we're committed to adding renewable energy to our portfolio. We believe fuel diversity is the key to price stability and dependability."
TXU Wholesale and its affiliates currently have contracts for 580 MW of renewable energy from 702 wind turbines. The Airtricity contract will increase those numbers to 705 MW and 756 turbines, respectively, when it goes into effect January 1, 2007.
Texas' wind-energy market is second only to California's in the amount of installed wind capacity (2,150 MW to 1,995 MW). TXU Wholesale is the largest purchaser of wind energy in Texas and the Southwest, providing enough energy to power more than 113,000 homes -- and meet the annual energy needs of about 260,000 Texans.
"Airtricity is pleased to reach an agreement with such a strong partner and applauds TXU's efforts at increasing their wind portfolio. We are excited this and other projects will help meet the growing demands for more wind power," said Airtricity CEO Eddie O'Connor. "Agreements like this are important to keeping up with the call for new wind power as Texas and TXU continue to set the trend for the nation in renewable purchases."
Airtricity will provide the wind power from its Forest Creek Wind Farm, currently under construction about 25 miles southeast of Big Spring, Texas. The 15-year contract will provide enough power for more than 24,000 homes and meet the annual energy needs of about 56,000 Texans.
The wind farm is Airtricity's first in the state of Texas. It will generate electricity from 54 2.3-MW Siemens wind turbines, the largest turbines to date built in the state. Airtricity will own and operate the facility following its construction.
TXU was honored by the American Wind Energy Association in 2001 for "leading the Texas Wind Energy boom." The company's participation in the Brazos Wind Farm also received the Project of the Year Award from the Texas Renewable Energy Industries Association in 2004.
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