SunPower signs 54-MW PPA in California

Nov 11, 2015 16:08 CET by Plamena Tisheva

November 11 – SunPower (NASDAQ:SPWR) has signed a 20-year power purchase agreement (PPA) with Turlock Irrigation District (TID) for a 54-MW solar photovoltaic (PV) power plant in California.

The US solar major said today that to serve the contract it will start building the plant on its Rosamond Solar site in Kern County this month, with the launch of operations expected by the end of 2016. The company will also start construction this month on another 54-MW plant to serve Stanford University, announced earlier this year, at the Rosamond Solar site, which may support up to a total of 300 MW of solar generation.

By buying solar power from SunPower’s plant, TID expects to move some 7% closer to meeting the state of California’s recently increased Renewable Portfolio Standard (RPS) of 50% renewables by 2030.

“While asset ownership has been the approach for nearly all of TID’s other power generation facilities, this long-term power purchase agreement is competitively priced with conventional energy sources and will also allow the district to benefit indirectly from federal tax incentives set to be reduced at the end of 2016,” said TID general manager Casey Hashimoto.

The solar power purchase was approved by TID’s board in March after a comprehensive bidding and study process, according to the announcement.

Share this story

Recommends:

Solar Charger ,Levin 6000mAh Rain/Dirt/Shockproof Solar Panel Charger /Dual USB Port Portable Charger /Backup External Battery Power Pack for iPhone 5S 5C 5 4S 4, iPad Air, Other iPads, iPods(Apple Adapters not Included), Samsung Galaxy S5 S4, S3, S2, Note 3, Note 2, Most Kinds of Android Smart Phones and Tablets, Windows phone,Gopro Camera and More Other Devices(buy the authentic Branded items and turn down the knockoffs£© ,Blue
b>Best gift choice About Levin Found by a group of 90’s who love life and advocate science. Levin? devotes to offering green, …