Monterey Calif., Sunnyvale, Calif. May 27, 2020 – Today, Community Choice Energy (CCE) providers Monterey Bay Community Power (MBCP) and Silicon Valley Clean Energy (SVCE) announced the execution of a 20-year solar photovoltaic (PV) and battery storage contract with NextEra Energy Yellow Pine Energy Center I, LLC (“Yellow Pine”). The Yellow Pine contract will help the CCEs 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, Chief Executive Officer, 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 CCEs beginning December 2022 through November 2042. MBCP will be contracting 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.
“Adding this long-term solar and storage asset to SVCE’s portfolio, in partnership with MBCP, keeps us on the fast lane to bending the carbon curve downward, and at the same time enhances reliability and affordability for all our customers,” said SVCE Chief Executive Officer Girish Balachandran.
The Yellow Pine contracts are a result of the joint Request for Offer (RFO) issued by MBCP and SVCE in April 2019. In addition to Yellow Pine, two geothermal contracts, one with Coso Geothermal Power Holdings and one with Ormat Technologies Inc., and a solar + storage contract with Rabbitbrush LLC. have been approved by both CCEs.
MBCP and SVCE have issued another joint RFO for additional renewable resources. More information can be found at SVCleanEnergy.org/solicitations.
About Monterey Bay Community Power
Monterey Bay Community Power is a Community Choice Energy agency established by local communities to source carbon-free electricity for Monterey, San Benito and Santa Cruz counties in addition to San Luis Obispo and Morro Bay as well as most of San Luis Obispo and Santa Barbara Counties starting in 2021. PG&E and SCE continue their traditional role delivering power as well as maintaining electric infrastructure and billing. As a locally controlled public agency, MBCP supports regional economic vitality by sourcing cleaner energy at a lower cost and advancing local energy programs to accelerate electrification, fuel-switching and resiliency. For more information, visit www.mbcp.org
About Silicon Valley Clean Energy
Silicon Valley Clean Energy is a not-for-profit community-owned agency serving the majority of Santa Clara County communities, acquiring clean, carbon-free electricity on behalf of more than 270,000 residential and commercial customers. As a public agency, net revenues are returned to the community to keep rates competitive and promote clean energy programs. Member jurisdictions include Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Saratoga, Sunnyvale and unincorporated Santa Clara County. SVCE is guided by a Board of Directors, which is comprised of a representative from the governing body of each member community. For more information, please visit SVCleanEnergy.org.
Monterey Bay Community Power
Senior Energy Media Specialist
Silicon Valley Clean Energy
O: 408-721-5301 x1020