LA utility looks to large developers to build 250MW Beacon project

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Los Angeles Department of Power & Water, the largest municipal electric utility in the US, has issued a request for proposals for a 250MW solar PV installation.

LADWP will develop 50MW of the programme at the utility’s Beacon Solar Project in Kern County, California, and will seek bids from up to four developers for the remaining four parcels of 40MW to 60MW, but a single developer may be chosen for all four parcels.

Anh Wood, manager of the utility's solar initiatives, told PV Tech: “It's very creative, no one has done it before. Our goal is to bring in large-scale developers so that they can bring their financing and their purchasing power. Fifty megawatts is big but it's not something that shocks us.”

LADWP already has two large-scale power purchase agreements with two projects in Nevada that exceed 200MW.

Power purchase agreements for Beacon will be for a 25-year term and capped at $85/MWh. Developers will also be able to enter a competitive bidding process to develop projects in the LA Basin. The associated local solar offering will consist of four 10-14 MW blocks of solar projects built on private properties within the LADWP's Los Angeles service territory for 20-year contracts capped at $140/MWh.

California's Renewable Portfolio Standard requires investor owned utilities and municipal utilities to procure 33% of their electricity from renewable sources.

LADWP aims to have 1200MW of solar capacity by 2020, representing 12.2% of its 33% total. LADWP aims to reach 25% of its 33% goal by 2016.

So far, LADWP has focused on wind projects, but PV cost declines, good insolation in southern California and the Investment Tax Credit make solar an attractive option for the utility, said Wood.

“The next phase is to add more solar especially since the ITC is still available until 2016,” she said. “Most of our solar projects will happen in the next few years.”

LADWP, which serves 1.2m customers, currently sources 40% of its electricity from coal-fired generation, which it plans to divest over the next couple of years.

“That's what our customers want and that's what our city leaders are asking for,” she said.

Permits for the site have already been granted for the Beacon site, 70 miles north of Los Angeles. LADWP purchased the Beacon site for a reported $31.5m last December from NextEra Energy, which had planned to build a 250MW solar thermal plant on site. The RFP process will close in July and construction is scheduled to start in January 2015.

Earlier this year, LADWP launched a feed in tariff programme aimed at the commercial rooftop segment at 30kw to 3MW.

Twenty megawatts was allocated at the start of the year, but LADWP received 150MW-worth of applications. Another 20MW will be released in July. The current rate is 17c kwh with a 1c step down rate at each phase.

21 September 2021
C&I consumers currently source only about 7% of their power requirement directly from renewables. Indian corporate renewable market has grown rapidly and holds huge growth potential as companies look to reduce power purchase costs and cut carbon emissions. BRIDGE TO INDIA has built significant expertise in the corporate renewable business by working on over 30 consulting assignments and various research reports. We are organizing this conference to bring all stakeholders together and delve deeper into various market aspects. The conference will be held on a virtual platform with excellent networking opportunities for all participants.
22 September 2021
To commemorate the World Energy Storage Day(WESD) on 22 September, being recognized worldwide, Customized Energy Solutions (CES) and India Energy Storage Alliance (IESA) is organising the 5th global conference and virtual expo, which will be held virtually on 22 September 2021. WESD is a global movement initiated by various apex trade bodies working to promote and adopt energy storage, e-mobility & green hydrogen technologies for a sustainable future. The forthcoming edition of WESD is expected to attract global participation with an intent to facilitate bi-lateral trade, market development and new research and innovation, which will invite 100+ countries, 100+ regulators & policy makers, 100+ International speakers,1000+ organisations, 100+ partners & exhibitors and 20,000+ global delegates.
28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.

Read Next

PV Tech Premium
September 21, 2021
Pressures on PV plant performance have led the solar industry to be more demanding and forensic of the data operational projects generate, as well as the power. Jules Scully explores the growing role software is playing in the utility-scale solar arena and how it must evolve further still to meet expectations.
September 21, 2021
A round-up of the latest news from the US PV sector, including project developments from Ørsted, Candela Renewables and CEP Renewables.
September 21, 2021
New York’s governor has proposed an expansion of the NY-Sun distributed solar incentive programme and revealed plans for two transmission projects that will transport renewable energy to New York City to help the state reach 70% renewable electricity by 2030.
September 21, 2021
German solar installer Enpal has raised €345 million (US$405 million) in debt financing to fund the deployment of more than 15,000 household solar PV systems
September 21, 2021
India added 521MW of rooftop solar in Q2 2021, an increase of 517% compared to the 85MW added in the same quarter last year despite a slight increase in costs, according to a Mercom India report.
September 21, 2021
Private equity firm American Securities has secured a deal to acquire US solar engineering, procurement and construction (EPC) provider Swinerton Renewable Energy and its operations and maintenance (O&M) subsidiary SOLV from Swinerton Incorporated.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021