CHICAGO, Illinois (Feb. 1, 2017) – Invenergy LLC (“Invenergy”) has executed a power purchase agreement (PPA) that will provide the city of Denton with additional renewable wind energy. This agreement is the first power agreement adopted as part of the Renewable Denton Plan (RDP), which is designed to increase the amount of Denton’s electricity generated from renewable sources from 40 to 70 percent by 2019.
Approved by the Denton City Council in June 2016, the RDP is projected to save Denton’s ratepayers $500 million over the next 20 years, cut emissions by over 70 percent, and reduce natural gas usage by 37 percent.
The additional power will come from Invenergy’s Santa Rita wind farm facility located in Reagan and Irion Counties in Texas, which offer an ideal location for renewable energy generation. Denton Municipal Electric (DME) will begin receiving power from the facility on or before January 1, 2019.
“This agreement is a significant step forward in providing more renewable power to the citizens of Denton,” said Mayor Chris Watts. “We are excited to partner with Invenergy on a long-term contract that will increase our renewable portfolio while maintaining competitive rates.”
During construction, the Santa Rita Wind Farm will create hundreds of local jobs. The facility is expected to generate millions in annual tax revenue for the community.
About InvenergyInvenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, and Europe. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe.
Invenergy and its affiliated companies have developed more than 13,500 MW of projects that are in operation, construction or advanced development, including wind, solar, natural gas-fueled power generation and energy storage projects. For more information, please visit www.invenergyllc.com.
Contact: Mary Ryan, Senior Manager, Public Affairs312-582-1424 or mryan@invenergyllc.com