Project is the latest addition to the company's growing
portfolio of zero-carbon power generation facilities
IRVING,
Texas, April 13, 2022 /PRNewswire/ -- Vistra
(NYSE: VST) today announced that its Brightside Solar Facility in
Live Oak County, Texas, is online
and generating electricity. The 50-megawatt solar photovoltaic (PV)
project is part of the company's growing portfolio of zero-carbon
power generation assets, known as Vistra Zero.
Brightside Solar Facility is the first of seven new renewable
and energy storage projects that the company is bringing online
across Texas over the next few
years. The Texas-sized package of zero-carbon projects, all
located within the ERCOT market, are part of a near $1 billion capital investment by Vistra first
announced in September 2020.
"With Brightside and additional Vistra Zero projects poised to
come online across Texas, our
vision of transitioning our fleet to cleaner electric generation is
becoming a reality," said Curt
Morgan, CEO of Vistra. "As Texas continues its rapid rate of
economic and population growth, Vistra is investing in the
grid of the future while serving the needs of its customers who are
increasingly seeking green alternatives. We're proud of our long
history of powering Texas and look
forward to continuing to strengthen the ERCOT grid with additional
power to help build the sustainable future all Texans deserve."
Also expected online in spring 2022:
- DeCordova Energy Storage Facility, Hood County, TX – 260 MW/260 MW-hours
- Emerald Grove Solar Facility, Crane
County, TX – 108 MW
Situated on 430 acres in Live Oak
County, Brightside is comprised of 147,732 photovoltaic
solar panels that can generate enough electricity to power
approximately 25,000 average residences in the ERCOT market during
normal grid conditions. Initial project construction began in
January 2021. Brightside harnesses
power from the sun, providing affordable, emission-free electricity
while bolstering the reliability of the Texas electric grid.
Morgan continued, "With unmatched development, commercial, and
operational teams, requisite capabilities, and access to capital,
we are proud to be playing a leading role during this great energy
transition. For 140 years, Vistra and its predecessor companies
have generated affordable and reliable electricity. We take
seriously our responsibly of providing an essential product, while
balancing our commitment to the environment and the communities
where we work and live. The way we produced power in 1882 looks
very different now – but our commitment to our fellow Texans
remains the same."
Brightside Solar Facility utilizes solar panel technology from
First Solar; Burns & McDonnell provided engineering and
construction expertise.
Vistra plans to grow its zero-carbon fleet to more than 7,300 MW
by 2026. For more information on Vistra Zero, click here.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 275 integrated retail
electricity and power generation company based in Irving, Texas, providing essential resources
for customers, commerce, and communities. Vistra combines an
innovative, customer-centric approach to retail with safe,
reliable, diverse, and efficient power generation. The company
brings its products and services to market in 20 states and the
District of Columbia, including
six of the seven competitive wholesale markets in the U.S. and
markets in Canada and Japan, as well. Serving nearly 4.3 million
residential, commercial, and industrial retail customers with
electricity and natural gas, Vistra is one of the largest
competitive electricity providers in the country and offers over 50
renewable energy plans. The company is also the largest competitive
power generator in the U.S. with a capacity of approximately 39,000
megawatts powered by a diverse portfolio, including natural gas,
nuclear, solar, and battery energy storage facilities. In addition,
Vistra is a large purchaser of wind power. The company owns and
operates the 400-MW/1,600-MWh battery energy storage system in
Moss Landing, California, the
largest of its kind in the world. Vistra is guided by four core
principles: we do business the right way, we work as a team, we
compete to win, and we care about our stakeholders, including our
customers, our communities where we work and live, our employees,
and our investors. Learn more about our environmental, social, and
governance efforts and read the company's sustainability report at
https://www.vistracorp.com/sustainability/.
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SOURCE Vistra Corp.