Clean Power Alliance Inks Deal

Los Angeles Business Journal 

Downtown-based Clean Power Alliance has signed another deal for power from renewable resources. In July, Clean Power Alliance signed a power purchase agreement with San Diego-based renewable energy developer Avantus Clean Energy. Financial terms of the deal were not disclosed.

The 20-year agreement calls for the Clean Power Alliance to purchase at a fixed price all the 200 megawatts of solar power generated by the combined solar and battery storage project Rexford 2 in southeastern Tulare County in the San Joaquin Valley. Those 200 megawatts are enough to power 84,000 single-family homes each year.

“This project provides a fixed long-term price, helping protect our customers from energy market volatility while delivering renewable energy and battery storage that can help meet demand when it matters most,” said Lindsay Descagnia, vice president of power supply for the Clean Power Alliance. The project is expected to come online in late 2028 or early 2029.

Read more here: Clean Power Alliance Inks Deal – Los Angeles Business Journal