CPS Energy has reached an agreement with Kenlov Ashtrom Renewable Energy (KARE) for purchasing 180 megawatts (MW) of solar energy.
KARE’s U.S. development partner, OnPeak Power, is developing the solar power project. It will provide CPS Energy with 180 MW of the full 305 MW from the Tierra Bonita solar farm once completed. Tierra Bonita will be located in West Texas in Pecos County.
CPS Energy is the largest municipally owned electric and natural gas utility in the United States.
This is the second agreement tied to its FlexPOWER Bundle initiative. The KARE contract is part of the goal of CPS Energy to add up to 900 MW of solar energy to its power generation mix. The agreement for the first 300 MW was signed in May 2022 with Consolidated Edison Development.
The KARE agreement is a 20-year contract with construction anticipated to begin next year.
The FlexPOWER Bundle initiative aims to diversify CPS Energy’s power generation mix, adding up to 900 MW of solar, up to 50 MW of energy storage and up to 500 MW of firming capacity..
CPS Energy received 650 proposals for the FlexPOWER Bundle from 100 companies across the U.S. and ten other nations, including Japan, England and South Korea. CPS Energy expects to finalize and award additional FlexPOWER Bundle contracts within the next few months.
From left: Ingmar Sterzing, OnPeak Power, Rudy Garza, CPS Energy, Janie Gonzalez, CPS Energy Board of Trustees, Ron Nirenberg, San Antonio Mayor, Doron Szportas, KARE