The installation, located in Riverside County, California, expects to start providing clean energy by the end of 2020. Image: EDF
EDF Renewables North America and Shell Energy North America have signed off on a 15-year power purchase agreement for the 100MW tranche of the Palen Solar project called the Maverick 4 Solar Project.
The installation, located in Riverside County, California, expects to start providing clean energy by the end of 2020.
The site will be developed on 1,270 hectares of federal lands within a Solar Energy Zone (SEZ) and Development Focus Area, managed by the U.S. Bureau of Land Management (BLM).
Ian Black, senior director, development for EDF Renewables, “EDF Renewables is pleased to have completed the federal permitting process on Palen Solar. This 500MW project uniquely positions EDF Renewables to help load-serving entities like Shell meet their long-term obligations under California’s Renewable Portfolio Standard (RPS) by offering smaller tranches at industry-leading prices.”
Glenn Wright, vice president, Shell Energy Americas, added: “(Shell), as one of the largest energy suppliers in the West, is actively growing its renewable power business, building on our strengths and capabilities to bring more clean energy solutions to our customers. Working closely with companies like EDF Renewables, and its proven track record as a successful developer of large scale renewables, allows us both to better meet the evolving power needs of our customers.”
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.