EDF Renewables and Shell Energy sign a 15-year 132 megawatt power purchase agreement (PPA)

KEY POINTS

The 15-year PPA relates to a tranche of the Palen Solar site known as Maverick 7 Solar Project.

Palen Solar is located in Riverside County, California on 3,140 acres of federal lands.

The project expects to deliver clean electricity by the end of 2021.

California — EDF Renewables North America and Shell Energy North America (US), L.P. (SENA) announced the signing of a 15-year Power Purchase Agreement (PPA) related to a 132 megawatt (MWac) tranche of the Palen Solar site known as Maverick 7 Solar Project. The project expects to deliver clean electricity by the end of 2021.

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 completed the federal permitting process, issuing the project a Record of Decision (ROD) in October 2018.

“Palen Solar, with a total of 500 MW of solar capacity, demonstrates EDF Renewables’ long-term commitment to solar development in California. The project uniquely positions the Company to help load-serving entities meet their long-term carbon goals and obligations under California’s Renewable Portfolio Standard (RPS) by offering smaller tranches at industry-leading prices,” said Dai Owen, Vice President, Power Marketing for EDF Renewables.

As the sole energy off-taker for the Maverick 7 Solar Project, SENA will also purchase 100 percent of the environmental attributes, including the renewable energy credits and capacity. This agreement builds on the previously announced PPA between SENA and EDF Renewables for another tranche of the Palen Solar Project in 2018.

“We continually look for opportunities to increase the supply of renewable power in California while simultaneously reducing Shell’s carbon footprint,” said Glenn Wright, President of Shell Energy North America. “Customers and communities are demanding a shift in the way their power is generated, and the Maverick 7 Solar Project allows us to deliver a cleaner, sustainable energy solution.”

EDF Renewables is one of the largest renewable energy developers in North America with 16 gigawatts of wind, solar, and storage projects developed throughout the U.S., Canada, and Mexico.