Silicon Valley Clean Energy (SVCE) signed two long-term agreements for the largest utility-scale, solar-plus-storage projects to be built in California. The two projects will provide 153 megawatts (MW) of solar and 47 MW of storage and will be developed by Electricité de France (EDF) and Recurrent Energy Development Holdings, LLC. (Recurrent). These projects will come online in 2021 and will harness enough energy to power 39,000 homes annually.
Building storage in addition to solar turns the sun’s energy into a resource that can be used on demand, rather than only when the sun is shining. These projects will combine solar panels with large batteries to store energy that the sun produces during the day so that more clean energy can be discharged onto the grid during times of high energy usage in the evening.
“As a Community Choice Energy agency, we’re proud to partner on these groundbreaking developments that not only increase the long-term supply of renewables to our customers, but also make the electricity grid cleaner,” says Courtenay Corrigan, SVCE Board Chair. “These projects show our maturity as an agency, our financial strength and our continued commitment to decarbonization.”
“We are excited to help California lead the transition to clean, reliable and flexible energy,” said Girish Balachandran, CEO of Silicon Valley Clean Energy. “These new renewable energy projects are a significant investment towards reaching our state’s carbon-free energy goals and contribute to solving the state’s grid integration problem by investing in large grid-scale energy storage.”
The contracts are the result of a competitive bidding process that began in September 2017. SVCE’s collaboration with its neighboring Community Choice Energy agency, Monterey Bay Community Power (MBCP) took advantage of economies of scale for the combined four counties, allowing for more purchasing power to invest in these long-term agreements. The two agencies issued a joint RFO which received over 80 offers for new projects that were in various stages of development. The overwhelming response represents the vast amount of interest in new renewable energy development that continues to grow.