EDF Renewables signs PPAs with Silicon Valley Clean Energy and Monterey Bay Community Power
EDF Renewables North America announced the signing of two 20-year PPAs for the 128 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% of the output, and Monterey Bay Community Power (MBCP) will purchase 45%. 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+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.”
Read more here: EDF Renewables signs PPAs with Silicon Valley Clean Energy and Monterey Bay Community Power