- CPV broke ground on a 1,350 MW natural gas power plant in Ward County Texas, addressing urgent needs for reliable dispatchable energy in ERCOT.
- The project involves a $2 billion investment and is expected to generate over $400 million in local tax revenue over its lifespan.
- Construction is led by Gemma Power Systems, utilizing state-of-the-art GE turbines, with future plans to incorporate a carbon capture system.
- Texas Governor Greg Abbott announced a $1.1 billion Texas Energy Fund loan supporting the project, which accounts for more than 10% of the state's targeted 10 GW of new capacity.
- CPV emphasizes strong community engagement, creating jobs and supporting local nonprofits like Monahans Kids Zone with donations.
- Local officials highlight the project’s long-term benefits including economic growth, job creation, and community partnership.
- The facility is planned to be operational by 2029, capable of powering 850,000 West Texas homes, with potential future phases including carbon capture.
- As part of its broader portfolio, CPV has developed over 6.8 GW of energy projects since 2010, including natural gas, wind, solar, and emerging carbon capture technologies.
CPV Basin Ranch Energy Center Breaks Ground in Ward County Texas