ReneSola Power Inks Long-Term Solar+Storage PPA with Valley Clean Energy

The project is expected to add 20 MW of solar power and 6.5 MW/26 MWh (4-hour) of battery energy storage to the Northern California grid to serve VCE’s customers, and is expected to reach commercial operation by the third quarter of 2022.

December 02, 2020. By Manu Tayal

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ReneSola Ltd (ReneSola Power), a leading fully integrated solar project developer, has signed a 20 years power purchase agreement (PPA) for a solar plus battery system with Northern California-based public electricity provider Valley Clean Energy (VCE).

The project, located in Madison, Yolo County, California, is expected to add 20 MW of solar power and 6.5 MW/26 MWh (4-hour) of battery energy storage to the Northern California grid to serve VCE’s customers. The project is expected to reach commercial operation by the third quarter of 2022.

Commenting on the deal, Yumin Liu, Chief Executive Officer of ReneSola Power, said that, “this marks an important milestone for us, as it is our first long-term power purchase agreement for a solar-plus-storage system that will provide significant benefits to the local community. In addition, we are excited to partner and build a strong relationship with the VCE team through this transaction. We value the support and trust of the VCE team and look forward to future collaboration, as we continue to execute on our strategy to grow our pipeline in the US.”

“VCE is proud to partner with ReneSola Power in the development of this local renewable energy project. This project will support green jobs, benefit Yolo County, and supply VCE customers with cost-effective clean energy for the next twenty years,” said Gordon Samuel, Assistant General Manager and Director of Power Resources of Valley Clean Energy.

The company has been awarded this PPA after responding to Valley Clean Energy’s request for offer (RFO) of procurement of cost-effective local renewable energy.

The project brings local investment, grid-benefits to the VCE service territory, and will be designed and constructed to be pollinator-friendly, thus providing habitat for bees, butterflies, hummingbirds and other pollinators that are critical to agricultural production in this important food producing region.

This project will also help meet the Yolo County Climate Action Plan goals to reduce carbon emissions associated with the production of electricity.

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