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Friday, July 19, 2013

USA, California:

New PPA for Geothermal Energy from The Geysers (Renewable Energy Magazine - press release)

The Marin Energy Authority (MEA) has signed a Power Purchase Agreement (PPA) with Calpine Energy Services for 10 MWe of geothermal power served from The Geysers in Sonoma and Lake Counties, California.

Calpine’s proposal ranked highest among all Open Season proposals received by MEA based upon five primary criteria: location, portfolio fit, project viability, counterparty strength, and contract terms. MEA received 135 project proposals for California renewable energy in response to its annual Open Season Procurement process.

The PPA includes a competitive, fixed price throughout the term, and includes a short-term 3 MWe contract for 2014 as well as a long-term 10 MWe contract for 10 years starting in January of 2017.

The two contracts will deliver more than 900,000 megawatt-hours and enough to power 13,600 local homes.

Read More.....