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Released February 29, 2024 | SUGAR LAND
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Researched by Industrial Info (Sugar Land, Texas)--EDF Renewables North America (San Diego, California) has become the latest U.S. renewable developer to forge a power purchase agreement (PPA) for the output from an upcoming renewable energy project.
The project under contract is the Bonanza solar farm, which will be located on a 5,100-acre public lands site in southern Nevada, about 45 miles from Las Vegas. The collection of utilities to which EDF has designated a portion of the plant's output is the Southern California Public Power Authority (SCPPA), a collection of 10 municipal utilities and one irrigation district. Among the group's members are the municipal utilities of Anaheim, Los Angeles and Pasadena, among others.
In an effort to lower emissions, the joint-venture group has signed a 20-year contract for a portion of the generation output planned for the 300-megawatt (MW) solar farm, which also will include a four-hour, 195-MW battery energy storage system (BESS) for times when the sun isn't shining. Despite the new contract, the project remains a few years away from beginning construction but could perhaps begin earlier with the new PPA in place. EDF has not guaranteed the power to SCPPA until the close of 2028, putting a potential construction start for the project in 2027. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to learn more about the project.
The Bonanza plant is not the only out-of-state renewable energy plant to sign a PPA with California agencies. Among the other Nevada projects that have PPAs in place with California's Community Choice Aggregator agencies (CCAs) is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) Yellow Pine solar facility, about 50 miles west of Las Vegas near the California border. All three phases of the Yellow Pine project have PPAs in place with California CCAs, including Central Coast Community Energy (San Luis Obispo, California), San Diego Community Power (SDCP) (San Diego, California) and others.
Yellow Pine's first phase first of construction, which provides 125 MW, was completed in September of last year. Phase II, which will add another 125 MW, is under construction and expected to go into service toward the end of this summer. A third phase of construction, which will include a BESS in addition to more solar generation, is expected to begin next year, putting it on track to be online by the end of 2025, with power designated to SDCP, Silicon Valley Clean Energy (Sunnyvale, California) and at least one other California CCA. Subscribers can learn more by viewing the related project reports.
Nor is the Bonanza project EDF's only Nevada renewable energy project on the books, although most of these projects feature grand plans for large generation capacities of between 500 and 2,000 MW. Quite often, the needed funding and planning required for these larger-scale projects lead to significant slippage in the start date of the project or its cancellation altogether. One of EDF's less grand projects bound for Nevada is the planned 120-MW Playa del Sol solar plant on public lands near North Las Vegas, which also has seen its planned kickoff date slip from the originally expected 2023. Should the project see fruition, it could potentially kick off next year, putting it on track to begin supplying power to the grid in 2026. Subscribers can click here for more details on the project.
EDF Renewables has more than 20 other U.S. renewable energy projects on its books, all except one sole wind project, to be powered by the sun, with a majority of the company's projects bound for Nevada and Texas. In Nevada, most of EDF's planned projects feature large capacities of between 500 and 2,000 MW. The increased financing and planning that goes into these larger projects often results in slippage to the project's start date or cancellation altogether, and Industrial has given these projects a low probability (0-69%) of moving forward as planned.
The sole EDF wind facility being tracked by Industrial Info in the U.S. is the 240-MW Lasso Windfarm, planned to be constructed in Jack County, Texas, about 60 miles northwest of Fort Worth. The windfarm would feature approximately 40 turbines to provide nameplate generation of about 240 MW. Construction potentially could begin in early 2026, putting the facility on track to begin providing power in 2027. Subscribers can learn more by viewing the project report.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
The project under contract is the Bonanza solar farm, which will be located on a 5,100-acre public lands site in southern Nevada, about 45 miles from Las Vegas. The collection of utilities to which EDF has designated a portion of the plant's output is the Southern California Public Power Authority (SCPPA), a collection of 10 municipal utilities and one irrigation district. Among the group's members are the municipal utilities of Anaheim, Los Angeles and Pasadena, among others.
In an effort to lower emissions, the joint-venture group has signed a 20-year contract for a portion of the generation output planned for the 300-megawatt (MW) solar farm, which also will include a four-hour, 195-MW battery energy storage system (BESS) for times when the sun isn't shining. Despite the new contract, the project remains a few years away from beginning construction but could perhaps begin earlier with the new PPA in place. EDF has not guaranteed the power to SCPPA until the close of 2028, putting a potential construction start for the project in 2027. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to learn more about the project.
The Bonanza plant is not the only out-of-state renewable energy plant to sign a PPA with California agencies. Among the other Nevada projects that have PPAs in place with California's Community Choice Aggregator agencies (CCAs) is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) Yellow Pine solar facility, about 50 miles west of Las Vegas near the California border. All three phases of the Yellow Pine project have PPAs in place with California CCAs, including Central Coast Community Energy (San Luis Obispo, California), San Diego Community Power (SDCP) (San Diego, California) and others.
Yellow Pine's first phase first of construction, which provides 125 MW, was completed in September of last year. Phase II, which will add another 125 MW, is under construction and expected to go into service toward the end of this summer. A third phase of construction, which will include a BESS in addition to more solar generation, is expected to begin next year, putting it on track to be online by the end of 2025, with power designated to SDCP, Silicon Valley Clean Energy (Sunnyvale, California) and at least one other California CCA. Subscribers can learn more by viewing the related project reports.
Nor is the Bonanza project EDF's only Nevada renewable energy project on the books, although most of these projects feature grand plans for large generation capacities of between 500 and 2,000 MW. Quite often, the needed funding and planning required for these larger-scale projects lead to significant slippage in the start date of the project or its cancellation altogether. One of EDF's less grand projects bound for Nevada is the planned 120-MW Playa del Sol solar plant on public lands near North Las Vegas, which also has seen its planned kickoff date slip from the originally expected 2023. Should the project see fruition, it could potentially kick off next year, putting it on track to begin supplying power to the grid in 2026. Subscribers can click here for more details on the project.
EDF Renewables has more than 20 other U.S. renewable energy projects on its books, all except one sole wind project, to be powered by the sun, with a majority of the company's projects bound for Nevada and Texas. In Nevada, most of EDF's planned projects feature large capacities of between 500 and 2,000 MW. The increased financing and planning that goes into these larger projects often results in slippage to the project's start date or cancellation altogether, and Industrial has given these projects a low probability (0-69%) of moving forward as planned.
The sole EDF wind facility being tracked by Industrial Info in the U.S. is the 240-MW Lasso Windfarm, planned to be constructed in Jack County, Texas, about 60 miles northwest of Fort Worth. The windfarm would feature approximately 40 turbines to provide nameplate generation of about 240 MW. Construction potentially could begin in early 2026, putting the facility on track to begin providing power in 2027. Subscribers can learn more by viewing the project report.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
