•  
  •  
  •  

Port Houston to negotiate renewable power contract worth up to USD 35m

Port Houston Terminal. Source: Port Houston

October 24 (Renewables Now) - The Port of Houston in the US state of Texas will be looking to sign a 10-year renewable electricity purchase contract at a total cost not higher than USD 35 million (EUR 31.5m), it announced on Wednesday.

The Port Commission has authorised executive director Roger Guenther to begin final contract negotiations with three retail electric providers, namely Constellation New Energy Inc, MP2 Energy Texas and NRG Business Solutions.

Port Houston noted that this planned move would make it the first port in the country to administer a port-wide renewable electricity purchase programme. It expects to save some USD 240,000 a year, or roughly USD 2.5 million over the entire period, by signing a 10-year contract rather than one with a three-year term.

Relying on renewables would also eliminate about 25,000 tonnes of carbon dioxide (CO2) emissions per year, the port added.

(USD 1.0 = EUR 0.899)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription