Sept. 30, 2021 — Valley Clean Energy (VCE) announced that it is now receiving power from a new solar park located in Kings County, CA. VCE signed a 15-year contract to purchase 50 megawatts (MW) of renewable power with Aquamarine Westside, LLC’s 250MW Solar project. This contract will replace current short-term power contracts, allowing VCE to deliver higher levels of renewable power at competitive prices.
The Aquamarine project is located in CIM Group’s Westlands Solar Park, a master-planned clean energy park with over 2GW of solar production potential.
“Valley Clean Energy is excited to begin receiving renewable electricity from CIM Group’s Aquamarine project. This long-term partnership is a win-win enterprise, generating cost-effective solar power on land that is unusable for agriculture,” said Dan Carson, Davis City Councilmember and VCE board chair.
The Aquamarine project was selected via a solicitation process in which dozens of projects competed. The decision was based on criteria adopted by the VCE board designed to select cost-effective California-based renewable projects that minimize impacts on prime farmland, provide local jobs and avoid environmentally sensitive resources. Westlands Solar Park scored well in all areas and has strong support from both agricultural and environmental organizations.
“We’re proud to add more long-term renewables to our power portfolio, and to keep renewable electricity affordable for all our customers. Having more clean, renewable sources is a step toward a better energy future for California,” added Carson.
About VCE: Valley Clean Energy is a not-for-profit public agency formed in June 2018 to provide electrical generation service to customers in Woodland, Davis, Winters, and the unincorporated areas of Yolo County. VCE’s mission is to source cost-competitive clean electricity while providing product choice, price stability, energy efficiency, greenhouse gas emission reductions and reinvestment in the communities we serve.
About CIM Group: CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.