Kit Carson inks power supply deal with Guzman Renewable Energy

Solar panels. Author: John S. Quarterman. License: Creative Commons, Attribution 2.0 Generic.

June 30 (SeeNews) - The Kit Carson Electric Cooperative, which operates in northern New Mexico, has signed a long-term power purchase agreement (PPA) with Guzman Renewable Energy Partners (GREP), an affiliate of Florida-based Guzman Energy Group.

The deal, unveiled this week, followed a request for proposals (RfP) process launched by Kit Carson last summer and will see GREP provide wholesale electricity to Kit Carson members for up to 10 years. The partnership will enable the companies to consider and access renewable energy, according to the announcement. At the same time, the contract is expected to deliver more than USD 50 million (EUR 45m) of savings over its duration for Kit Carson's almost 30,000 members.

"With a variety of sources and capabilities, GREP is able to deliver electricity savings to consumers big and small while at the same time accommodating increasing demand for renewable resources," said Guzman Energy chief executive Leo Guzman.

(USD 1.0 = EUR 0.901)

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