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Austin Energy's $2.3 billion biomass energy contract approved

Posted on August 29, 2008

In one of the largest renewable energy deals of this year, the Austin City Council has given Austin Energy, its city-owned electric utility, approval to enter into a $2.3 billion contract to purchase all power produced over a 20-year period by a proposed 100-megawatt biomass power plant. The purchase power agreement will move Austin closer to its goal that by 2020, some 30 percent of the power generated by Austin Energy will come from renewable resources. The biomass plant delivers the baseload for Austin Energy's intermittent renewables.The biomass plant will be built in Sacul, Texas, about 1...

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