EDF Renewables North America and Shell Energy North America Sign Power Purchase Agreement for Segment of Palen Solar Project
SAN DIEGO & HOUSTON--(BUSINESS WIRE)--Nov 14, 2018--EDF Renewables North America and Shell Energy North America (US), L.P. (SENA) announce the signing of a 15-year Power Purchase Agreement (PPA) for the energy and renewable attributes related to a 100 megawatt (MWac) / 132 MWp tranche of the Palen Solar project known as Maverick 4 Solar Project. The Project expects to deliver clean electricity by the end of 2020.
Palen Solar is located in Riverside County, California on 3,140 acres of federal lands within a Solar Energy Zone (SEZ) and Development Focus Area, managed by the U.S. Bureau of Land Management (BLM). The BLM recently completed the federal permitting process, issuing the project a Record of Decision (ROD), which sets in motion the path forward for project construction.
“EDF Renewables is pleased to have completed the federal permitting process on Palen Solar. This 500 MW 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,” said Ian Black, senior director, development for EDF Renewables.
“SENA, 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,” said Glenn Wright, vice president, Shell Energy Americas. “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.”
Black added, “EDF Renewables is a leading renewable energy counterparty, able to structure offtake agreements around unique needs of clients like Shell Energy North America. We enjoy our close working relationship with SENA and are excited to announce this agreement to help meet its RPS needs. We look forward to strengthening our relationship on future contracts with Shell.”
EDF Renewables is one of the largest renewable energy developers in North America with 10 gigawatts of wind, solar, and storage projects developed throughout the U.S., Canada, and Mexico.
About EDF Renewables:
EDF Renewables North America is a market leading independent power producer and service provider with over 30 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 10 GW of developed projects and 10 GW under service contracts. EDF Renewables is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com.
About Shell Energy North America (US), L.P. (SENA):
SENA and its subsidiaries operate as an integral part of the global Shell Trading network. The company and its subsidiaries trade and market natural gas, wholesale power, environmental and risk management products with counterparties and customers throughout the region. Its customers include large commercial and industrial users, retail energy companies, local gas distribution companies, electric utilities, independent power producers, oil and gas producers, municipalities, and rural electric cooperatives. SENA consistently ranks within the top three gas and power marketers in North America according to Platts. Capabilities include marketing natural gas within the U.S. and Canada, with a sales volume of 10 billion cubic feet per day; marketing wholesale and retail power, with sales topping 270 million megawatt hours annually; and participating in nearly all organized power markets, with access to over 9,500 megawatts of generating capacity across North America.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005690/en/
CONTACT: Sandi Briner, +1 858-521-3525
MediaRelations@edf-re.comShell US Media Relations, +1 832-337-4355
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA TEXAS
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES
SOURCE: EDF Renewables North America
Copyright Business Wire 2018.
PUB: 11/14/2018 12:00 PM/DISC: 11/14/2018 12:00 PM