sPower Wins 68.8MW Southern California Public Power Authority PPA

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sPower Wins 68.8MW Southern California Public Power Authority PPA

sPower has been awarded a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to provide 68.8MWdc (55MWac) of solar power.

Under the terms of the agreement, the Antelope DSR 1 and 2 solar plants will deliver electricity to the cities of Azusa, Colton, Riverside and Vernon, all located in southern California, USA.

The sPower Antelope DSR 1 and 2 facilities will be constructed on roughly 440 acres located in Lancaster, Calif., Los Angeles County. Construction is expected to begin mid-2016, with a commercial operations date (COD) in 2016. sPower estimates a peak construction crew size of up to 160.

Kelly Nguyen, SCPPA Director, Energy Systems, stated:

“Renewable energy continues to be a focus for SCPPA members, and with partners like sPower, we are able to offer our members clean, reliable and affordable power.”

These projects are the third and fourth sPower-owned facilities with long term SCPPA PPAs. The previous PPAs were for 20 MW projects, both of which are on track for 2016 CODs. Ryan Creamer, sPower’s CEO, stated:

“We appreciate the collaborative relationship that has been built with SCPPA. SCPPA is an exceptional organization to work with, balancing goal setting with flexibility -- without sacrificing schedule or budget milestones.”

sPower has been developing solar projects in California for several years, as well as in other key markets across ten states and in the UK. Earlier in the year, the company closed on its first back leverage transaction for $168.5MM debt financing and has more than a gigawatt of projects planned.

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