EDF Renewables North America and Shell Energy North America Sign Power Purchase Agreement for Segment of Palen Solar Project
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.