Ormat Signs 10-Year PPAs With Silicon Valley Clean Energy and Monterey Bay Community Power for Its CD4 Geothermal Power Plant in California

Oil & Gas 360 | January 13, 2020

Ormat Technologies, Inc. (NYSE: ORA) today announced the signing of two similar Power Purchase Agreements (PPA) with Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP). Under the PPAs, SVCE and MBCP will each purchase 7MW (for a total of 14 MW) of power generated by the expected 30MW Casa Diablo-IV (CD4) geothermal project located in Mammoth Lakes, California. The PPAs are for a term of 10 years and have a fixed MWh price, which includes energy, capacity, environmental attributes, and all other ancillary benefits. The remaining 16 MW of generating capacity will be sold under an additional PPA with Southern California Public Power Authority, which was signed in early 2019. The CD4 power plant is expected to be on-line by the end of 2021, will be the first geothermal power plant built within the California Independent System Operator (CAISO) balancing authority in the last 30 years and will be the first in Ormat’s portfolio that will sell its output to a Community Choice Aggregator.

Spotlight

Spotlight

Related News

INDUSTRY UPDATES

Scout Clean Energy Accepts Final Delivery of GE Turbines for Sweetland Wind Project

Scout Clean Energy | March 15, 2023

Scout Clean Energy (Scout), a renewable energy developer-owner-operator, has recently announced its acceptance of the final delivery of GE Renewable Energy (GE) company's onshore wind turbines for its Sweetland Wind Project (Sweetland) in Hand County, South Dakota. Scout is owner and responsible for the operations of this project. It plans to install about 71 of GE's 2.8-127 wind turbines. Sweetland will produce over 903,500-megawatt hours of low-cost renewable power annually. As a result, the project would offset approximately 615,000 tons of carbon emissions per year. It would power about 82,100 homes with carbonless electricity as an estimation. The American Clean Power Association (ACPA) has recognized GE's 2.8-127 turbine series as America's most widely deployed turbine. It has selected Blattner Energy as the Balance of Plant (BOP) Contractor. The project would generate huge revenue, temporary construction jobs and permanent full-time positions. CEO and Founder of Scout Clean Energy, Michael Rucker said, "We are pleased to have received the on-time delivery of the 71 of the latest GE wind turbines for Sweetland Wind Farm," He added, "The final delivery allows for our Sweetland project to begin full construction shortly, and when commissioned later this year will add to Scout's growing contribution of carbon free, renewable energy to South Dakota." (Source – Cision PR Newswire) CEO of GE's Onshore Wind, Vic Abate said, "GE is proud to complete the on-time deliveries of our workhorse 2.8-127 turbines to Sweetland Wind Farm." He added, "With more than 300 million operating hours and best in industry power performance, our fleet of 2MW turbines are helping to deliver cost effective and reliable renewable energy to the regions that need it most. Scout Clean Energy is an important partner as we work to deliver on the energy transition together." (Source – Cision PR Newswire) About Scout Clean Energy Headquartered in Boulder, Colorado, Scout Clean Energy, a renewable energy semiconductor manufacturing company, provides services for wind project development, energy resource assessment, transmission interconnection, project finance, wind energy real estate and title, solar project development, and wind facility operation. It is a renewable energy developer and owner-operator with approximately 1,200 MW operating wind assets, of which about 400 MW for third parties and over 22,000 MW wind, solar and energy storage projects with almost 2,500 MW projects which are under construction and advanced-stage. In addition, it assists in various aspects of renewables like project development, permitting, power marketing, asset management, operations, and finance.

Read More

SOLAR+STORAGE

HIF Global Partners Siemens Energy for Electrolyzer Supply

HIF Global | March 09, 2023

HIF Global, an eFuels company, reached an agreement with Siemens Energy, allowing Siemens Energy to expand its electrolyzer manufacturing capacity more than its previously announced plans. Through this agreement, it will obtain a specific capacity of electrolyzers for the HIF Matagorda eFuels facility. This agreement would make the HIF Matagorda eFuels facility the world-scale eFuels facility in Texas. It will aggregate approximately 1.8 gigawatts of capacity electrolyzers, annually supporting about 300,000 tonnes of green hydrogen production. Both companies work in front-end engineering and design for about 1.8 GW of Silyzer 300 polymer electrolyte membrane (PEM) electrolyzers. These electrolyzers will utilize renewable energy to isolate hydrogen gas from water molecules, producing around 300,000 tonnes of hydrogen gas per year. The green hydrogen is combined with recycled carbon dioxide to produce carbon-neutral eFuels chemically similar to fuels. Without any modifications, these can support the existing engines. The products of the HIF Matagorda eFules facility, i.e., green hydrogen and eFuels, will convert about half a million cars to carbon neutral in 2027. CEO of HIF Global, Cesar Norton Sacre said, "We face a time of incredible expansion in hydrogen production amid global supply chain challenges. The agreement with Siemens Energy allows for electrolyzer deliveries which could support the start of construction as early as the first part of 2024 for the HIF Matagorda eFuels Facility. We look forward to starting construction at the pioneering Texas green hydrogen and eFuels facility, with Siemens Energy's industry leading electrolyzer design and manufacturing strength." (Source – Cision PR Newswire) SVP of Sustainable Energy Systems at Siemens Energy, Stefano Innocenzi said, "Hydrogen and powerto-X applications such as eFuels will play a key role in the energy transition. To ramp up this new industry, we need many projects, including large-scale ones, and investors and off-takers who are willing to make a promise for the future. These agreements give us planning certainty, creating the basis for ramping up the technology and the industry as a whole." (Source – Cision PR Newswire) About HIF Global Headquartered in Houston, Texas, HIF Global, a renewable energy and power generation company, has been developing projects for eFuels in Chile, the USA, Australia and EMEA since 2019. It strives for decarbonization and against climate change by producing eco-friendly gas and fuels. It produces carbon-neutral liquid fuels, eFuels, which can replace fossil fuels required in cars, ships and airplanes without technological modifications. Its wholly-owned subsidiaries are HIF Chile, HIF USA, HIF Asia Pacific, and HIF EMEA. It teams up with professionals from diverse backgrounds in business, engineering, legal, finance, and environmental fields and works on projects for developing, financing, building and operating energy infrastructure.

Read More

TRANSPORTATION

iSun Inc. Wins Five New Solar Projects Valued at $5.1 Million in Vermont

businesswire | March 30, 2023

iSun, Inc. a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it had secured five contract. 6.5 MW in contracts expands iSun’s already active and completed projects in the Vermont market $5.1 million in new contracts highlights iSun’s momentum in building upon existing customer relationships in 2023 Projects scheduled to begin in spring 2023 and are expected to be completed in 2023 and 2024 “We are excited to start 2023 by securing more new contracts that build upon the accelerated pace of contract wins we generated in the second half of 2022. These new projects with existing customers in Vermont demonstrate the momentum within our industrial division, and we’re pleased that execution on these projects will begin this spring,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “In 2023, we are focused on execution and efficiency, and we appreciate the trust and confidence of our customers in our ability to help them achieve their goals in alternative energy initiatives. This award demonstrates yet again our strong commitment to accelerating the transition to solar energy for customers in New England.” About iSun Inc Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities.

Read More