CPS ENERGY MARKS ADDITION OF 150 MW OF SOLAR ENERGY TO GENERATION PORTFOLIO
January 22, 2024 (SAN ANTONIO) – CPS Energy, the largest municipally owned electric and natural gas utility in the United States, has entered into a long-term power purchase agreement (PPA) with Genesis Consolidated Industries Holdings (GCI) for a 150 megawatt (MW) solar project called “Exodus 1.” The solar farm will be located in Caldwell County, Texas.
“I am proud of the work we have done to secure another 150 MW of solar energy for our growing community,” said Rudy D. Garza, President & CEO of CPS Energy. “We look forward to our partnership with GCI and are excited about the economic development opportunities this partnership will provide the Greater San Antonio area.”
“CPS Energy continues to lead in accelerating the clean energy transition in San Antonio and the state of Texas,” said San Antonio Mayor Ron Nirenberg. “The additional 150 MW of solar energy demonstrates our commitment to reduce carbon emissions while strengthening the resiliency of our grid through diverse generation additions.”
“I am grateful and honored to work with the CPS Energy team in providing 150 MW of renewable energy to the Greater San Antonio area,” said GCI Co-Founder and CEO, Robert R. Hayward II. “Exodus 1, being GCI’s flagship project in the region, will make both a significant economic and grid impact within the Greater San Antonio region. We are optimistic that the relationship we are forging with CPS Energy will lay a solid foundation for long-term partnership for many years to come within the region.”
The solar project is expected to come online in the summer of 2025 and will help to serve the energy needs of the San Antonio community for a 25-year period. As part of a related community benefits agreement, GCI will contribute at least $300,000 to engineering and technical educational programs within the Greater San Antonio area once the project is initiated.
CPS Energy is an environmental leader and San Antonio ranks number one in Texas for solar generation and number five nationally according to the 2022 Environment Texas Shining Cities report. CPS Energy has 551 MW of operating solar capacity, and with the Exodus 1 project, now has secured an additional 730MW in aggregate of contracted solar currently in various phases of construction for its generation portfolio.
About CPS Energy
Established in 1860, CPS Energy is the nation’s largest community-owned provider of electric and natural gas services. We provide safe, reliable, and competitively priced services to 907,526 electric and 373,998 natural gas customers in San Antonio and portions of seven adjoining counties. Our customers’ combined energy bills rank among the lowest of the nation’s 20 largest cities while generating $9 billion in revenue for the City of San Antonio over the last 80 years. Our Vision 2027 strategic plan is designed to guide CPS Energy through rapid transformational change in our city. As a trusted and reliable community partner, we continuously focus on job creation, economic development, and educational investment. We are powered by our skilled workforce, whose commitment to the community is demonstrated through our employees’ volunteerism, our community engagement efforts and programs aimed at bringing value and assistance to our customers.
About Genesis Consolidated Industries:
Genesis Consolidated Industries is a renewable energy architecture firm, leading the charge in the global energy transition through the development and operation of world-class renewable energy and infrastructure projects with a focus on seasoned expertise, strategic partnerships, responsible development, and thoughtful engagement with communities and local stakeholders.
