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Monterey Bay Community Power and Silicon Valley Clean Energy sign contract for solar and battery storage

Solar panels

(Source: Benito Link)

May 28, 2020 — Monterey, CA

Contract will help energy providers meet local clean energy goals, California energy goals, and long-term procurement requirements

Community choice energy (CCE) providers Monterey Bay Community Power (MBCP) and Silicon Valley Clean Energy (SVCE) recently signed a 20-year contract for solar photovoltaic (PV) and battery storage with NextEra Energy Yellow Pine Energy Center I, LLC (“Yellow Pine”). According to a May 27 release, the Yellow Pine contract will help the two energy providers meet local clean energy goals, California energy goals, and long-term procurement requirements. 

“We are delighted to partner with NextEra Energy, increasing our solar generation and battery storage portfolio,” said Tom Habashi, CEO of MBCP. “This long-term 20-year contract shows our dedication in partnership with SVCE to the advancement of renewable energy and battery storage in order to significantly reduce greenhouse gas emissions on behalf of the communities we serve.”

The solar storage project, located in Clark County, Nevada, will deliver California Renewable Portfolio Standard-eligible resources to both Monterey Bay Community Power and Silicon Valley Clean Energy beginning Dec. 2022 through Nov. 2042, according to the release. MBCP will contract for 75 MW of solar generating capacity and 39 MW of energy storage, serving 5% of its annual retail load. SVCE will contract for 50 MW of solar generating capacity and 26 MW of energy storage, serving 4% of its annual retail load. 

Continue reading here: https://benitolink.com/mbcp-and-svce-sign-contract-for-solar-and-battery-storage/

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