EDF Renewables North America Signs Power Purchase Agreements with Silicon Valley Clean Energy and Monterey Bay Community Power
New Solar + Storage Project in California will provide grid
stability with utility-scale storage
EDF
Renewables North America announced today the signing of two 20-year
Power Purchase Agreements (PPA) for the 128 megawatt (MWac) with 40
MW/160 MWh battery storage Big Beau Solar+Storage Project in Kern
County, California. Silicon
Valley Clean Energy (SVCE) will purchase 55-percent of the output,
and Monterey
Bay Community Power (MBCP) will purchase 45-percent. The Project is
slated to achieve commercial operation by the end of 2021.
SVCE and MBCP jointly launched a competitive procurement process in
September 2017 to take advantage of economies of scale for the combined
four county service territory. This unique collaboration between these
two Community Choice Aggregators (CCAs) allowed for more purchasing
power to better-source cost-effective, clean electricity for their
communities.
“We are excited to bring online a new California solar-plus-storage
project with SVCE and EDF Renewables,” said Tom Habashi, CEO of Monterey
Bay Community Power. “Solar development has been a hallmark of
California’s renewable energy boom and with the storage component, we
can realize the full potential of solar generation.”
“We are delivering on our commitment to our customers to provide
reliable, renewable energy that will help us reach our decarbonization
goals,” said Girish Balachandran, CEO of Silicon Valley Clean Energy.
“This long-term agreement with EDF Renewables for solar-plus-storage
shows that as a CCA we have the financial stability to make investments
in these kinds of innovative renewable projects.”
"EDF Renewables is pleased to be selected by SVCE and MBCP – two
forward-thinking CCAs to supply affordable, in-state green energy to
their customers. The inclusion of storage provides the agencies with a
100% clean and partially dispatchable product, allowing them to mitigate
the ‘duck
curve’ risk and monetize price spikes,” said Valerie Barros,
director of renewables and storage product development at EDF Renewables.
The electricity generated at full capacity is enough to meet the
consumption of up to 64,000 average California homes. This is equivalent
to avoiding more than 315,000 metric tons of CO₂ emissions annually1
which represents the greenhouse gas emissions from 67,000 passenger
vehicles driven over the course of one year.
EDF Renewables is one of the largest renewable energy developers in
North America with 10 gigawatts of wind, solar, and storage projects
developed throughout the U.S., Canada, and Mexico.
1 According to US EPA Greenhouse Gas Equivalencies
calculations.
About EDF Renewables:
EDF Renewables North America is a market leading independent power
producer and service provider with over 30 years of expertise in
renewable energy. The Company delivers grid-scale power: wind (onshore
and offshore), solar photovoltaic, and storage projects; distributed
solutions: solar, solar+storage, EV charging and energy management; and
asset optimization: technical, operational, and commercial skills to
maximize performance of generating projects. EDF Renewables’ North
American portfolio consists of 10 GW of developed projects and 10 GW
under service contracts. EDF Renewables is a subsidiary of EDF
Renouvelables, the dedicated renewable energy affiliate of the EDF
Group. For more information visit: www.edf-re.com
About Monterey Bay Community Power
Monterey Bay Community Power is a Community Choice Energy agency
established by local communities to source carbon-free electricity for
Monterey, San Benito and Santa Cruz counties while retaining PG&E’s
traditional role delivering power and maintaining electric
infrastructure. As a locally controlled not-for-profit, MBCP is not
taxpayer funded and supports Tri-County economic vitality by providing
cleaner energy at a lower cost, supporting low-income rate payers, and
funding local renewable energy projects. For more information, visit www.mbcommunitypower.org
About Silicon Valley Clean Energy
Silicon Valley Clean Energy is a community-owned agency serving the
majority of Santa Clara County communities, acquiring clean, carbon-free
electricity on behalf of more than 270,000 residential and commercial
customers. As a public agency, net revenues are returned to the
community to keep rates low and promote clean energy programs. Member
jurisdictions include Campbell, Cupertino, Gilroy, Los Altos, Los Altos
Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View,
Saratoga, Sunnyvale and unincorporated Santa Clara County. SVCE is
guided by a Board of Directors, which is comprised of a representative
from the governing body of each member community. For more information,
please visit www.SVCleanEnergy.org
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