CCAs Procure Billions of Dollars in New Renewable Generation, Storage

California Energy Markets

California’s community choice aggregators are going into 2023 with additional procurement contracts and at least one has stronger financing in place.

The state’s CCAs have signed long-term power-purchase agreements for 11.26 GW of power, according to the California Community Choice Association, which provided the information in a Nov. 10 news release.

California’s CCAs have committed more than $14 billion to new-build generation projects with terms ranging from 10 to 25 years. The procurements include “a robust mix of renewables and energy storage technologies that will facilitate California’s transition to a carbon-free electricity supply and achievement of their own accelerated climate action goals,” according to CalCCA.

Read more here: CCAs Procure Billions of Dollars in New Renewable Generation, Storage | Regional Roundup | newsdata.com