Canadian Solar announced its wholly owned subsidiary Recurrent Energy has signed two 15-year power purchase agreements with Silicon Valley Clean Energy and Monterey Bay Community Power for a 150-MWac solar power system with 180 MWh of battery storage. This joint procurement effort represents the largest contracted solar+storage project in California to date.
This partnership resulted from a joint procurement process that Silicon Valley Clean Energy and Monterey Bay Community Power launched in September 2017 to source cost-effective, renewable power for their respective communities.
Power will be supplied from Recurrent Energy's Slate solar+storage project to be built in Kings County, California. The project is scheduled to reach commercial operation in 2021, and the energy represented by the contracts is enough to power 37,500 homes, providing Silicon Valley Clean Energy with 55 percent of the energy, and Monterey Bay with the other 45 percent of the combined output.