WHAT WE REPORTED Georgetown entered long-term, fixed-rate contracts for 144 megawatt-hours from EDF Renewable Energy’s Spinning Spur 3 wind farm near Amarillo, and for 150 MWh from Clearway Energy’s Buckthorn solar plant in West Texas. The city touted its switch to renewables this summer as a win-win for Georgetown’s economy and the environment.
THE LATEST City officials said in December that they would need to renegotiate the contracts after falling energy prices lost Georgetown Utility Systems $6.84 million in projected revenue expected to come from selling back excess energy on the open market. Georgetown won $1 million for Bloomberg Philanthropies to kick start a plan to lease rooftop and property space to install solar panels and storage batteries. The first solar panel installations will begin in the summer.
This post is part of our Top Stories to Follow in 2019 list, a version of which appears in the January 2019 print issue of Community Impact Newspaper’s Georgetown edition.