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Adapture Renewables Inc., a solar project developer, owner and operator, has completed Catan Solar, a 13 MW DC solar project in Runge, Texas.
Adapture Renewables sells the electricity in the Electric Reliability Council of Texas (ERCOT) market. This is the first solar project in Karnes County, Texas – one of the top oil-producing counties in the state.
Adapture Renewables financed the construction of the project with in-house capital and will own and operate the project for the long term. The company says the Catan project demonstrates its ability to leverage its in-house development, EPC management, legal and project finance services to efficiently drive solar projects to long-term operation, notes the company.
“The Catan Solar project presented an exciting opportunity for our team,” says David FitzGerald, director of project management at Adapture Renewables. “Being our first project in Texas, our team learned and adapted quickly to the local nuances and procedures in the region and built lasting relationships with local partners to complete the project on time and on budget. We look forward to leveraging these skills and partnerships for future projects in the area.”
In addition to supplying locally-generated renewable energy for the community, the Catan solar project will generate long-term revenue for the local economy and help reduce energy costs for Karnes County residents.
Texas is expected to see the largest growth of solar energy of any U.S. state this year, accounting for 28% of new planned solar capacity, according to a recent report from the U.S. Energy Information Administration. With this project, Adapture Renewables increases its portfolio of solar energy generating assets in Texas to 95 MW DC and 239 MW DC in total across the country. |
