Friday Feature: Live from the Launch of EnergyCapitalHTX

HETI leadership shares their excitement at the launch of the newest site from Gow Media. Photo courtesy of Marco Torres.

While the main room buzzed with excitement for the premiere of EnergyCapitalHTX.com, Michael O'Sullivan, host of the podcast Oilfield Ingenuity from the Oil and Gas Global Network (OGGN), snagged a few guests at last week's launch party for a quick conversation about the newest site from Gow Media.

In this brief clip, Bobby Tudor, founder and CEO of Artemis Energy Partners and chairman of the Houston Energy Transition Initiative, discusses the strengths and expertise Houston offers to the energy industry. Additionally, Jane Stricker, senior vice president and executive director of the Houston Energy Transition Initiative (HETI), shares the perspective held by over 20 companies backing HETI regarding the future of the energy industry.

To hear from others that sat down with Michael during the event, head on over to Oilfield Ingenuity for episode 174.

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A View From HETI

A View From UH

This new Texas wind farm is now partly powering Target Corp. Photo via swiftcurrentenergy.com

A Texas wind energy project has officially delivered and is actively providing power to its customer, Target Corp.

Boston-based Swift Current Energy, which has an office in Houston, announced this week that its 197 MW Castle Gap Wind project is operational. It has the capacity to create enough pollution-free energy to power more than 50,000 homes annually.

"Castle Gap Wind is a momentous project for Swift Current Energy as we grow our projects under asset management and operations," Eric Lammers, CEO and co-founder of Swift Current Energy, says in a news release. "Castle Gap Wind is one of the earliest projects supported by the Inflation Reduction Act, and we are thankful for our partners at Target, Goldman Sachs, MUFG, CaixaBank and of course the entire Swift Current Energy team who helped make the Project possible."

Goldman Sachs provided the tax equity for the project, and Target and Swift Current have established long-term virtual power purchase agreement. Additionally, Mitsubishi UFJ Financial Group, or MUFG, and CaixaBank provided project financing.

"Goldman Sachs is pleased to partner with Swift Current Energy on their Castle Gap Wind project," Ryan Newman, head of Tax Equity at Goldman Sachs, says in the release. "Goldman Sachs is committed to financing the energy transition and supporting sponsors like Swift Current that are developing sustainable infrastructure in an effort to combat climate change."

The project is located in the Mills and Lampasas Counties, which are around 90 miles northwest of Austin.

"This Castle Gap Wind contract is a part of our commitment to renewable energy and is one example of how we are leveraging our size and scale to benefit people, the planet and drive our business forward," Erin Tyler, Target's vice president of property management, says in the release.

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