Canadian Solar‘s (NASDAQ: CSIQ) Recurrent Energy subsidiary on Sept. 27 announced a 15-year Power Purchase Agreement (PPA) for 100 MW (ac) of solar power in California with MCE, California’s first operating Community Choice Aggregation program.
Power from the Recurrent Energy-developed Tranquillity 8 solar project, located in Fresno County, California, will supply MCE with 100 MW (ac), which is sufficient to power 48,300 homes. Construction of the project is expected to begin in 2017 and it will begin providing power to MCE by late 2018.
“We’re proud to be working with Recurrent Energy to grow California’s solar industry, helping to power economic strength, job creation and tackle climate change by transitioning our communities to clean energy,” said Dawn Weisz, CEO of MCE.
“This contract award further expands our contracted pipeline in the U.S. and marks the third and largest PPA between Recurrent Energy and MCE,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. “MCE’s continued leadership in procuring renewable energy is to be commended. We are pleased to have the opportunity to continue delivering reliable, cost-competitive solar power to MCE and their customers.”
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 competitive rates. MCE’s service area includes Marin County, Napa County, and the cities of Benicia, El Cerrito, Lafayette, San Pablo, Richmond and Walnut Creek.
Recurrent Energy, a U.S. subsidiary of Canadian Solar, has more than 4 GW of solar projects in development in North America.
Founded in 2001 in Canada, Canadian Solar in the past 14 years has successfully delivered over 16 GW of premium quality modules to over 90 countries around the world.
