December 4, 2009
Written by: Jessica Behnham
Several local businessmen are betting that renewable energy has a bright future, particularly in West Texas.
Republic Power Partners LP and the West Texas Municipal Power Agency are raising money to finance a project that would sell alternative energy generated in West Texas, said John Crew, a cofounder of Republic Power Partners.
Crew said the 6,000-megawatt project would generate electricity through wind, solar and biomass, and would be good news for the state.
“It’s a good project that would benefit the Panhandle and the rest of Texas,” he said. “Eventually, the nation will also benefit from the project.”
Crew is looking for $40 million in commitments for the venture, which he hopes to raise by the end of the year.