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TXU Parent Acquires Texas' Largest Solar Plant, Touts Function as "Key Retail Platform"

May 18, 2017

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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

Vistra Energy, the parent company for TXU Energy and Luminant, announced the purchase of the Upton County Solar 2 development project in West Texas.

Vistra described the utility-scale, 180 MW installed capacity solar plant as, "the largest by capacity in Texas."

"The purchase delivers on the company's strategic plan to further strengthen and expand its integrated businesses through enhanced retail solar offerings and diversity across its generation fleet," the company said

"The Upton 2 facility will provide a company-owned asset as a platform for offering significant, long-term, and economically viable renewable options to a variety of customers throughout Texas, including commercial, industrial, and residential customers," Vistra Energy said

"This purchase is an additional proof point of Vistra Energy's ability to uniquely couple our retail business with our commercial operations in a meaningful and beneficial way," said Curt Morgan, Vistra's president and chief executive officer. "It also shows our commitment to expand this model while providing significant advantages compared to a standalone retailer or generator."

Calling the plant a "key retail platform," Vistra said that, "businesses, school districts, cities, and other large customers have already expressed strong interest in projects such as this that help meet their sustainability goals."

"The Upton 2 project is a financially attractive option under Vistra's integrated business model, thanks to steady growth in consumer enthusiasm, the geographic characteristics and strong solar irradiance in West Texas, and technological advancements," Vistra said

The solar project is located in Upton County, Texas.

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