Alamo 5, San Antonio’s Newest Solar Farm, Will Produce Power for 14,000 Homes
CON EDISON DEVELOPMENTCONTINUES TO BUILD ITS SOLAR PORTFOLIO IN SAN ANTONIO
SAN ANTONIO – July 14, 2015: ConEdison Development, a national developer and operator of large scale renewable energy projects, today announced that progress is advancing on Alamo 5, a major solar power installation in San Antonio.
Scheduled to commence operation by the end of the year, the photovoltaic solar installation will provide 95 megawatts of renewable power to CPS Energy customers in the San Antonio area, an amount of energy capable of powering approximately 14,000 homes for a year.
Alamo 5, which is located near the previously acquired Alamo 4 and Alamo 3 projects in the San Antonio area, will be one of the largest dual-axis tracker solar projects in the world. It will deliver electricity to CPS Energy customers under a 25-year power purchase agreement.
“We have developed a highly collaborative relationship with the City of San Antonio, and we are proud to be helping the community fulfill its commitment to renewable energy,” said Mark Noyes, Senior Vice President and Chief Operating Officer of ConEdison Development. “With the acquisition of these solar projects, Con Edison Development has been significantly expanding the role we play in the Texas renewables sector.”
About Consolidated Edison Development
ConEdison Development (CED) develops, owns and operates renewable and energy infrastructure projects. The company is one of the largest owners and operators of solar projects in North America. CED is focusing on renewable energy and gas assets as part of an overall corporate goal of responsible environmental stewardship. Through its deep resources and trusted relationships with a range of energy related companies, CED has successfully developed, and owns and operates facilities generating in more than 650 MW of renewable power across California, Arizona, Nevada, Texas, Nebraska, New Jersey, Massachusetts, Pennsylvania, South Dakota and Rhode Island.
Consolidated Edison Development (www.coneddev.com) is an unregulated subsidiary of Consolidated Edison, Inc. [NYSE: ED], the nation’s oldest and one of the largest investor-owned energy companies, with approximately $13 billion in annual revenues and $44 billion in assets. More information can be obtained by calling 914-993-2185. You can also visit the Consolidated Edison, Inc. website at www.conedison.com.