ReneSola Power Ltd., a fully integrated solar project developer, has signed a Power Purchase Agreement (PPA) for a Solar + storage system with Valley Clean Energy (VCE), a public utility company in Northern California.
The project is located in Madison, Yolo County, California. It will feed 20 MW of solar power and 6.5 MW / 26 MWh of battery storage into the Northern California grid to serve VCE’s customers. The PPA has a term of 20 years and is expected to go into commercial operation in the third quarter of 2022.
“This is an important milestone for us as it is our first long-term PPA for a Solar + storage system that offers significant benefits to the local community,” said Yumin Liu, CEO of ReneSola Power. “Additionally, we are excited to partner with and develop a strong relationship with the VCE team through this transaction. We appreciate the support and trust of the VCE team and look forward to working with them in the future as we continue to implement our strategy to expand our pipeline in the USA. “
ReneSola Power received this PPA after responding to VCE’s RFP to source low cost local renewable energy. The project brings local investments and network advantages to the VCE supply area and is designed and built in a pollinator-friendly manner – and thus offers a habitat for bees, butterflies, hummingbirds and other pollinators that are of crucial importance for agricultural production in this important food region. This project will also help meet the goals of the Yolo County Climate Action Plan to reduce CO2 emissions associated with electricity generation.
Photo: VCE’s Standard Green website