A response to the ‘Following FERC’ column by Bruce Radford in our April 2016 issue.
Southern Power’s first wind project, the 299-MW Kay Wind facility in Kay County, Oklahoma, is fully operational. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under 20-year PPAs with Westar Energy and Grand River Dam Authority (GRDA). Westar Energy has contracted for approximately 199 MW, and GRDA has contracted for approximately 100 MW. Both companies will have the option to either keep or sell the RECs.
Southern Company subsidiary Southern Power acquired a controlling interest in the 157- MW Roserock solar facility from Recurrent Energy. The facility is being developed by Recurrent Energy, a subsidiary of Canadian Solar, which will retain the remaining interest in the project. The project, currently under construction, is expected to enter commercial operation in the fourth quarter of 2016.
NextEra Energy Resources is planning a project to build, own and operate approximately 17 MW of solar facilities on three separate military installations on Oahu. A subsidiary of NextEra Energy Resources will build one ground-mounted fixed-tilt solar system, three carport solar systems and 10 rooftop solar systems. The systems will be comprised of approximately 71,000 Sharp solar modules. Site preparation is underway, and system construction is expected to begin in February 2016 and be completed by year end.
Google signed a deal with EDF Renewable Energy (EDF RE) to purchase renewable energy for its data center. The PPA will provide Google with the full output of the 201-MW Great Western Wind Project located in Woodward and Ellis counties near the base of the Oklahoma panhandle. The project will commence construction in the first quarter of 2016 and be fully operational by end of the year. Great Western will be comprised of 30 V117 (unit capacity of 3.3 MW) and 51 V100 (unit capacity of 2.2 MW) wind turbines supplied by Vestas.
Via its subsidiary EDF Renewable Energy (EDF RE), the EDF Group entered into a partnership with Procter & Gamble (P&G) to supply electricity to all North American manufacturing sites for P&G laundry and household products using wind energy. The electricity sold to P&G, within the context of a long-term PPA, will be generated by a wind power farm due to go into operation at the end of 2016 in Cooke County, Texas.
Southern Company subsidiary Southern Power and Turner Renewable Energy acquired the 15- MW Morelos del Sol Solar Facility from Solar Frontier Americas. Southern Power's eighth solar acquisition in California. DEPCOM Power is providing EPC services and will also operate and maintain the facility for Southern Power. Construction of the plant began in July, and commercial operation is expected in late November.
How project developers form their bidding strategies – and what it means for prices and the industry.
2015 Regulators Forum
2015 Regulators Forum