7X Energy, Inc. (“7X”) announced that, CoServ, through its generation and transmission provider Brazos Electric Power Cooperative, Inc., has procured 26.5 MW from 7X Energy's Lapetus solar energy project in West Texas, bringing CoServ’s stake to 51.5 MW of the total 100 MWac project.

Earlier this year, CoServ finalized a contract with 7X for the purchase of 25 MW of power through Brazos from the solar facility to be built in Andrews County.

In addition, Brazos recently purchased 42.5 MW on behalf of seven of its other distribution cooperative members.

7X developed and financed the Lapetus solar project that will deliver firm blocks (SolarBlocks) to the ERCOT North trading hub. 7X said that this power product offers more flexibility and shorter contract terms than a traditional Power Purchase Agreement (PPA), thus minimizing energy costs and mitigating risks.

The project, which is owned, developed, and financed by 7X Energy, will be constructed in Andrews County, Texas, about an hour away from Midland, and is scheduled to commence construction in late Q1 2019.

Tags:
Texas   Solar   Contract awards   7X Energy  

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