Vistra Energy acquired 180MW Upton County Solar 2 development Project in Texas

Vistra Energy announced that it has acquired the Upton County Solar 2 development project in West Texas. The purchase delivers on the company’s strategic plan to further strengthen and expand its integrated businesses through enhanced retail solar offerings and diversity across its generation fleet.

Simultaneous with the acquisition of the project, Upton 2 entered into a turnkey, fixed-price, engineering, procurement, and construction contract to deliver the 180-megawatt solar plant in the summer of 2018. The Upton 2 facility will provide a company-owned asset as a platform for offering significant, long-term, and economically viable renewable options to a variety of customers throughout Texas, including commercial, industrial, and residential customers.

Vistra Energy’s president and CEO, Curt Morgan said that this purchase is an additional proof point of Vistra Energy’s ability to uniquely couple their retail business with their commercial operations in a meaningful and beneficial way. It also shows their commitment to expand this model while providing significant advantages compared to a standalone retailer or generator.