335 MW of Recurrent Energy solar projects in California due in-service this summer

RE Astoria 2 LLC on Feb. 24 asked the Federal Energy Regulatory Commission for authorization for a transaction under which EFS Renewables Holdings LLC will acquire the passive, non-controlling Class A membership interests in RE Astoria 2 Holdings LLC, which owns all of the ownership interests in the applicant.

RE Astoria 2 LLC is developing and will own and operate an approximately 75-MW (nameplate) solar photovoltaic project and related interconnection facilities located in Kern County, California. The Astoria 2 Facility will interconnect with the transmission system owned by Southern California Edison (SCE) within the balancing authority area (BAA) operated by the California Independent System Operator via a generation tie-line and related interconnection facilities (collectively called the “Astoria Shared Facilities”). The projected in-service date for this facility is Aug. 31 of this year

Until Dec. 31, 2021, all but 10 MW of the output from the Astoria 2 Facility will be sold at wholesale within the CAISO BAA pursuant to power purchase agreements (PPAs), each lasting 20 years, with the Southern California Public Power Authority, the Power and Water Resources Pooling Authority, and the cities of Lodi, Corona, Morena Valley, and Rancho Cucamonga, California (called the “Original PPA Parties”). The currently uncommitted 10 MW will be sold in the CAISO markets or under a to-be-negotiated PPA. Commencing Jan. 1, 2022, all of the output of the Astoria 2 Facility (including the currently uncommitted 10 MW) will be sold to the Original PPA Parties until the end of the PPAs’ 20-year terms.

RE Astoria 2 is controlled by Recurrent Energy LLC. Recurrent, which develops, owns, and manages utility-scale solar projects throughout the United States, is owned by Canadian Solar, a publicly-traded company (NASDAQ: CSIQ) headquartered in Ontario, Canada.

The buyer for a piece of RE Astoria 2, EFS Renewables, is a wholly-owned subsidiary of Aircraft Services Corp., which is a part of General Electric (NYSE: GE). Through its subsidiaries, GE is a passive owner of, and investor in, a number of generating facilities in the United States. In the CAISO market, affiliates of GE control generating facilities with a combined (nameplate) capacity of 809.7 MW. Inland Empire Energy Center LLC owns and controls an 819 MW (nameplate) combined-cycle facility, and GE affiliate Wind Energy Prototypes LLC owns a 1.7-MW (nameplate) wind turbine. Both the Inland Empire Facility and the WEP Facility interconnect with the SCE transmission system within the CAISO BAA.

Including development projects that are scheduled to achieve commercial operation within the next six months, RE Astoria 2’s affiliates own or control approximately 332 MW in the CAISO BAA and first-tier markets. Recurrent’s public utility affiliates located in the CAISO BAA or in first-tier markets include:

  • RE Astoria LLC, which is developing, and will own and operate an approximately 100 MW (nameplate) solar PV project and related interconnection facilities located in Kern County, California. The Astoria Facility will interconnect with the SCE transmission system within the CAISO BAA via the Astoria Shared Facilities. Initial synchronization of the Astoria Facility is scheduled to occur in March 2016. All of the output from the Astoria Facility will be sold at wholesale pursuant to a 15-year PPA with the Pacific Gas & Electric (PG&E). The project is due in-service on Aug. 31 of this year.
  • RE Mustang LLC, which is developing, and will own and operate an approximately 30-MW (nameplate) solar PV project and related interconnection facilities located in Kings County, California. The Mustang Facility will interconnect with the PG&E transmission system within the CAISO BAA via a generation tie-line and related interconnection facilities (“Mustang Shared Facilities”) that will be owned and shared, as tenants in common, among Mustang, RE Mustang 3 LLC and RE Mustang 4 LLC. All of the output from the Mustang Facility will be sold at wholesale under a 20-year PPA with Sonoma Clean Power (SCP). This project has an in-service date of June 30 of this year.
  • RE Mustang 3, which is developing, and will own and operate an approximately 40-MW (nameplate) solar PV project and related interconnection facilities located in Kings County, California. The Mustang 3 Facility will interconnect with the PG&E transmission system within the CAISO BAA via the Mustang Shared Facilities. All of the output from the Mustang 3 Facility will be sold at wholesale pursuant to a 20-year PPA with SCP. The in-service date for this project is June 30 of this year.
  • RE Mustang 4, which is developing and will own and operate an approximately 30-MW (nameplate) solar PV project and related interconnection facilities located in Kings County, California. It will interconnect via the Mustang Shared Facilities. All of the output from the Mustang 4 Facility will be sold at wholesale pursuant to a 20-year PPA with Marin Clean Energy. The project’s in-service target date is June 30 of this year.
  • RE Barren Ridge 1 LLC, which is developing and will own and operate an approximately 60-MW (nameplate) solar PV project and related interconnection facilities located in Kern County, California. The Barren Ridge Facility will interconnect with the SCE distribution system within the BAA controlled by the Los Angeles Department of Water and Power (LADWP). All of the output from the Barren Ridge Facility will be sold at wholesale under a 20-year PPA with LADWP. This project’s in-service target date is June 14 of this year.

Incidentally, FERC on Feb. 24 accepted RE Barren Ridge 1’s December 2015 application for market-based rate authority with an accompanying tariff.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.