Avantus (formerly 8minute), an industry leader in low-cost clean energy, recently celebrated the groundbreaking and ongoing development of the Galloway 2 Solar Project based in Concho County, Texas. Local business leaders and solar workers discussed the project's economic benefits and lasting impact on the community with industry and community leaders.
Galloway 2 will create more than 250 peak construction jobs and produce more than $18 million in local property taxes, assisting essential local services such as education, the county hospital, and public safety. More than half of these funds will directly help the Paint Rock School District, less than five miles from the project site. Additionally, the project will serve as a dedicated 147 MWdc / 110 MWac resource for the Texas energy grid, generating enough low-cost sustainable electricity to supply 60,000 Texans with power on completion.
BASF Corporation is purchasing the majority of the project's energy to meet energy needs at its Freeport, Texas site. Allianz Capital Partners owns Galloway 2, with Avantus holding a minority stake. This is the company's second utility-scale project development in the Paint Rock area.
Motivated by an expanding team in Austin, Avantus has brought 600 MWdc of solar energy online and is developing more than four gigawatts (GW) of solar and 12 GWh of energy storage across Texas. The company's portfolio will boost Texas' energy sector and local economies. Its pipeline of more than 90 utility-scale solar and energy storage projects in Texas and the Southwest represents over $70 billion in investments. It can provide reliable, low-cost power for over 30 million people daily.
About Avantus
Avantus (previously 8minute) is a company based in Los Angeles, California, shaping the future by making accessible, reliable, clean energy a global reality. The company has developed the nation's largest solar cluster and the first plant to beat the price of fossil fuels, demonstrating its leadership in next-gen solar energy. By pushing the limits of existing technologies, it will construct one of the biggest smart power plant portfolios with integrated storage, capable of supplying 30 million people with low-cost, zero-emission energy 24/7. Through its unrelenting pursuit of excellence, the firm is decarbonizing the planet at the gigaton scale and bringing the benefits of clean energy to everyone