Long Term Solar Power Purchase Agreements Maybe the Win Win Scenario We Need
Long-term power purchase agreements for solar and wind power are becoming popular in the United States as utilities and companies are eager to not just contribute to reduction of CO2 emissions but to lock in a percentage of their energy needs at a fixed price for years to come. Here is the latest news of a solar PPA for one project in California.
SunPower has started construction on the 102-megawatt (AC) Henrietta Solar Project in Kings County, California. The system will generate power for Pacific Gas and Electric’s customers under a long-term power purchase agreement. SunPower expects the plant to be operational by the end of 2016.
“With more than 5.8 gigawatts of operating solar systems worldwide, SunPower designs and builds solar power plants to leverage the company’s proven experience and our technology’s outstanding power-producing performance,” said Jorg Heinemann, SunPower executive vice president, global power plants.
SunPower customers rely on the cost-competitive, emission-free power and long-term return on investment that our systems deliver.
Another benefit of a solar PPA are real jobs.
SunPower anticipates that about 350 jobs will be created during construction of Henrietta. Approximately $73 million in local economic impact and an estimated $3.8 million in tax revenue will be generated as a result of the project. Once operational, the Henrietta project is expected to generate enough electricity for more than 22,000 homes, according to estimates provided by the Solar Energy Industries Association.
SunPower is constructing a SunPower® Oasis® Power Plant system at the approximately 670- acre Henrietta site. Oasis is a fully-integrated, modular solar power block that is engineered to rapidly and cost-effectively deploy utility-scale solar projects while optimizing land use. The technology includes robotic solar panel cleaning capability that uses 75 percent less water than traditional cleaning methods and can help improve system performance by up to 15 percent.
Offsetting CO2 emissions in the state of California
According to estimates provided by the U.S. Environmental Protection Agency, the completed plant will offset the annual production of almost 128,000 tons of carbon dioxide emissions, which is the equivalent of removing more than 614,000 cars from California’s roads over the next 25 years.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.