As we highlighted a few weeks back, Texas is on a new path to accelerating its clean, renewable energy economy. The opening of the Competitive Renewable Energy Zones (CREZ) now enables more West and Panhandle wind turbines to fuel the state’s major metropolises, and the completion of the project couldn’t come soon enough.
A number of companies are looking to grow and invest in Texas, thanks to its plentiful, clean wind power. Google, Microsoft and BBVA Compass are leading the charge and signing long-term agreements to purchase Texas wind energy. These contracts lock in considerable revenue for the state and guarantee Texas’ ranking as the number one wind-producing state in the nation. In fact, West Texas wind has outpaced the growth of coal, natural gas and all other fuel sources that supply the grid, according to a recent report by the U.S. Energy Information Administration.
In September, Google added to its growing stock of renewable energy by purchasing the entire output of a 240-megawatt wind farm (enough energy to power 84,000 homes) outside Amarillo to power its Oklahoma data center. Late in November, Microsoft signed a 20-year contract to purchase all of the energy from a 110-megawatt wind farm outside Fort Worth to power its San Antonio data center. And BBVA Compass recently signed a 10-year agreement with Choice! Energy Services, a Houston-based retail energy broker, to power its Texas branches exclusively with wind and solar energy. Read More