CORINTH, Texas—June 15, 2018—CoServ Electric has finalized an energy contract with 7X Energy to purchase 25 megawatts of electricity from a new solar farm in Andrews County in West Texas.
The Power Purchase Agreement for the Lapetus Solar Energy Project represents the largest solar energy contract to date with an electric cooperative in Texas. Brazos Electric Power Cooperative, Inc., CoServ's generation and transmission provider, will purchase the energy on behalf of CoServ Electric for the benefit of CoServ's roughly 220,000 electric meters in Texas. Lapetus will be the first large-scale solar facility to be built in Andrews County, about an hour away from Midland, and is scheduled to commence operations in December 2019.
“We are constantly seeking energy solutions today to help diversify our energy portfolio tomorrow,” said CoServ President/CEO Donnie Clary. “Once this facility is up and running, CoServ will be in a position to offer solar rate options to Members."
CoServ currently offers a solar rebate for Members who participate in the Certified Solar Installation Program for rooftop solar, as well as a solar rate through its community solar farm, the CoServ Solar Station, for those Members who are interested in solar but do not wish to install solar panels on their rooftops.
CoServ and Brazos Electric were supported in the development of the solar energy contract by the National Renewables Cooperative Organization (NRCO). NRCO provides full origination and development services for its owner-members and electric cooperative customers, with more than one gigawatt of wind and solar projects completed to date, including 45 cooperative-run community solar farms.
ABOUT COSERV: Established in 1937 as Denton County Electric Cooperative Inc., CoServ Electric is based in Corinth, Texas, and supplies electricity to more than 227,000 meters in Denton, Collin and four other North Texas counties.CoServ Gas, a natural gas affliate established in 1998, serves more than 116,000 gas meters in Denton, Collin and Kaufman counties.