This is an excerpt from EERE Network News, a weekly electronic newsletter.
Renewable Power Plants Win Contracts in California and Nevada
Producers of electricity from renewable energy are finding new stability through long-term power supply contracts, as evidenced by recent developments in California and Nevada. Calpine Corporation announced on March 17th that it has signed a contract for the "single largest renewable energy transaction in California," a long-term agreement to provide Southern California Edison with 200 megawatts of geothermal energy from its power plants at The Geysers in northern California. In recent months, Calpine has signed a similar agreement with Pacific Gas and Electric Company for 110 megawatts of geothermal power, and has signed contracts for its geothermal plants to contribute to power reliability in northern California. Calpine hailed the latest contract as a sign of recovery in the California power market.
In Nevada, the state's Public Utilities Commission (PUC) approved six contracts between Nevada Power and renewable energy power plants in early March. The contracts will result in four geothermal power plants totaling 107 megawatts in capacity and two wind facilities totaling 130 megawatts. All of the projects are expected to be operating by the summer of 2005. See the PUC press release (PDF 78 KB). Download Acrobat Reader.