Puget Sound Energy and Invenergy Partner to Advance Washington’s Clean Energy Transition

The agreement will bring clean, reliable, cost-effective energy to over 26,000 Washington homes.

Bellevue, Washington (7/12/2023) Puget Sound Energy (PSE), Washington state’s largest utility, and Invenergy, the leading privately-held developer, owner and operator of sustainable energy solutions, announced the signing of a 15-year power purchase agreement (PPA) between PSE and Invenergy’s Vantage Wind Energy Center in Ellensburg, Washington. The agreement enables PSE to acquire 90 MW of clean energy per year, beginning in 2025.

The agreement moves PSE closer to its commitment of meeting its 2030 clean energy target and helps PSE comply with the state’s clean energy policies, which are some of the most ambitious in the nation. Under the agreement, PSE will be purchasing enough energy to power just over 26,000 homes.

As one of the largest developers of clean and renewable energy projects in the world, Invenergy brings extensive experience to the partnership. The Vantage Wind Energy Center is an existing facility in central Washington state, which allows PSE to bring power to its customers by maximizing existing, reliable renewables from an experienced operator.

“This is an exciting time for PSE as we move towards achieving our goal of reducing our own carbon emissions to net zero by 2045,” said Ron Roberts, PSE Vice President of Energy Supply. “We do this as we continue our unwavering commitment to provide safe, reliable service at the lowest reasonable costs for customers, 24 hours-a-day 7-days a week, even on the hottest and coldest days.”

Invenergy and PSE understand access to reliable, cost-effective energy is essential for Washington communities and this partnership ensures the benefits of clean energy are distributed equitably and provide a strong foundation for building a more inclusive, carbon-free future. As part of the PPA, Invenergy and PSE will work together to track and report on customer benefits associated with the project to support PSE’s Clean Energy Implementation Plan (“CEIP”).

“PSE has an ambitious net zero timeline, and by leveraging the existing renewable resources from Vantage Wind Farm, PSE is taking a big step toward reaching those goals,” said Jim Shield, Senior EVP and Development Business Leader at Invenergy. “This exciting partnership will deliver more clean, cost-effective energy to Washington residents while advancing the state’s vital energy goals.”