Calpine Corp. (NYSE:CPN) and Marin Clean Energy (MCE) on March 9 announced a new three-year agreement under which Calpine will deliver electric energy from its Delta Energy Center and other of its Northern California facilities through 2017.
These facilities are part of Calpine’s next generation of reduced-emission power plants fueled by natural gas. This agreement will help support 25 full-time jobs at Calpine’s Delta Energy Center and will also supply enough electric power to serve the average energy requirements of approximately 98,000 residential customers during the contract term. By switching from unspecified power sources to cleaner generating alternatives, such as Calpine’s Delta Energy Center, Marin Clean Ennergy will achieve an approximate 11% reduction in attributed carbon emissions for each MWh delivered by Calpine to MCE.
“Today’s power purchase agreement with Calpine is a win-win-win for MCE customers,” said Dawn Weisz, CEO of Marin Clean Energy. “It allows us to support local jobs, reduce greenhouse gas emissions attributed to MCE’s energy supply, and reduce average energy costs through the use of a highly reliable energy source.”
“Calpine is excited to partner with MCE – a fellow environmental leader – to provide clean, reliable, affordable energy for MCE consumers,” said Alex Makler, Calpine Senior Vice President, Western Region. “This agreement with MCE demonstrates the benefits of our continued investment in environmentally responsible generation resources.”
Its unique portfolio of geothermal and gas-fired plants features one of the smallest environmental footprints in America’s power generation sector. Calpine operates North America’s largest geothermal power facility at The Geysers, producing nearly 16% of the renewable energy under California’s Renewable Portfolio Standard.
Calpine’s facility in Hayward, California, was the first power plant in the country powered by clean natural gas to voluntarily accept a permit with a limit on greenhouse gas emissions.
MCE is a not-for-profit, community-based electricity provider that gives customers the choice of having 50% to 100% of their electricity supplied from clean, renewable sources such as solar, wind, bioenergy, geothermal and hydroelectricity at stable and competitive rates.
In a Feb. 13 earnings report, Calpine noted in that 2014 it signed a two-year resource adequacy contract with Southern California Edison for the Delta Energy Center for 500 MW of capacity commencing in January 2017.
Calpine is America’s largest generator of electricity from natural gas and geothermal resources. Its fleet of 88 power plants in operation or under construction represents nearly 27,000 MW of generation capacity.