The Sacramento Municipal Utility District (SMUD) has signed multiple 20-year PPAs with Recurrent Energy for 60MW of solar power to be developed in the southern portion of Sacramento County. These agreements mark the first to come out of the utility’s feed-in tariff (FiT) program introduced in January 2010.
Recurrent Energy is to develop 12 individual 5MW projects in Galt and Elk Grove, CA. All the projects are expected to be installed and operational by fall 2012.
“We are excited about Recurrent Energy’s enthusiasm for participating in this renewable energy program,” said SMUD assistant general manager Jim Shetler. “Sixty additional megawatts of renewable power is a welcome addition to the Sacramento area.”
“Distributed-scale solar has an important role to play in helping to meet near-term renewable energy goals,” said Arno Harris, CEO of Recurrent Energy. “We have over 330MW of distributed-scale projects in our contracted portfolio across North America and Europe, and these 12 solar power systems with SMUD are a clear validation of our approach to developing and marketing solar power in California.”
SMUD’s feed-in tariff program applies to projects up to 5MW, with an overall program cap of 100MW. For a 20-year contract, the tariff is set at US$0.0111/kWh.