(AOF) – As part of its development, TotalEnergies signed an agreement with the American company TexGen for the acquisition for an amount of 635 million dollars of three gas power plants representing 1.5 GW of electricity generation capacity in Texas. Connected to the Texas ERCOT (Electric Reliability Council of Texas) network, the second largest electricity market in the United States, the power plants concerned are: the Wolf Hollow I power plant located in the suburbs of Dallas; the Colorado Bend I power plant, south of Houston, the La Porte power plant located southeast of Houston.
These flexible assets, located near Dallas and Houston, will meet the growing energy demand of these cities and help offset the intermittency of renewable energy production.
Their importance was recently highlighted during weather events that impacted Texas’ renewable electricity production or caused a high seasonal peak in demand.
These 1.5 GW of additional flexible production capacity acquired by TotalEnergies thus complement its renewable production capacities in Texas, which currently amount to 2 GW gross installed, 2 GW under construction and more than 3 GW in development. These gas plants will also strengthen TotalEnergies’ trading capabilities in the electricity and gas markets.
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