EDF Renewables North America signs 25-year PPA with SCPPA
EDF Renewables North America has signed a 25-year power purchase agreement (PPA) deal with Southern California Public Power Authority (SCPPA) for the 70 MWac / 100.8 MWdc Desert Harvest II solar photovoltaic project under a Renewable Energy Credit (REC) + Index structure.
The project is located in a land in Riverside County, California, administered by the Federal Bureau of Land Management (BLM). The BLM designated this area as a Solar Energy Zone (SEZ) and Development Focus Area, land set aside for utility-scale renewable energy development.
Under the SCPPA PPA, EDF Renewables will work to create a structuring solution to address the specific challenges posed by the California “duck curve.” EDF Renewables is able to provide SCPPA with a PPA structure that shelters the buyer from exposure to merchant prices through the utilization of a long-term hedge, coupled with a 35-MW, 4-hour energy storage system (ESS).
Country updates
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July 18, 2018
Missouri Supreme Court sends back to commission the Grain Belt transmission project
After being rejected by Missouri state regulators, the Missouri Supreme Court has ruled in favor of the Grain Belt Express wind transmission project, sending the proposal back for reconsideration...
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July 17, 2018
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July 17, 2018
NTE Carolinas II lunched RFP for the acquisition of 500 MW Reidsville Energy Center from NTE Energy
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July 16, 2018
Federal Energy Regulatory Commission clears Dominion to merge with SCANA
The Federal Energy Regulatory Comission (USA) has given green light to Dominion to merge with US electric and natural gas utility SCANA Corporation in an all-stock merger for a total value o...
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July 13, 2018
BayWa re Wind signed PPA deal with MCE for the Strauss wind project
BayWa re Wind LLC, a unit of German agriculture and energy group BayWa AG, has signed a power purchase agreement deal for the entire output of the 101 MW Strauss wind project. The wind proj...
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