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U.S. Army Buys 65 Megawatts of Wind and Solar for Fort Hood

  • Project is the army's largest renewable-energy venture
  • Apex Clean Energy signed contract for up to $497.4 million

The U.S. Army has signed a contract for its biggest renewable-energy project yet, picking Apex Clean Energy Inc. to provide 65 megawatts of solar and wind energy at Fort Hood in Texas.

The Defense Logistics Agency signed a 30-year contract with Charlottesville, Virginia-based Apex for 15 megawatts of solar and 50 megawatts of wind, the company said in a statement Wednesday. The Army will pay closely held Apex as much as $497.4 million over the life of the deal, about $168 million less than what it would pay for power from the traditional electricity grid, the defense agency said in a separate statement.