Orange County Pre Power Agreement: What You Need to Know
In Orange County, California, there has been a growing interest in sustainable energy sources and reducing our carbon footprint. To this end, the Orange County Board of Supervisors has approved the Pre Power Purchase Agreement (PPA). This agreement is a significant step towards achieving the goal of powering Orange County with 100% renewable energy.
What is a Pre Power Purchase Agreement?
A Pre Power Purchase Agreement (PPA) is a contract between a buyer and a seller of electricity. The buyer agrees to purchase electricity from the seller, who agrees to produce and deliver the electricity at a specified rate and for a specific period. The PPA is signed before the construction of the renewable energy project starts, which helps to finance it. PPAs are used to reduce the risk associated with renewable energy projects and make them more attractive to investors.
What does the Orange County Pre Power Purchase Agreement entail?
Under this agreement, the County of Orange will purchase 100% of the energy generated from the 100 MW of solar power, for a period of 25 years. The project will be developed by Clearway Energy Group, and the energy will be supplied from a solar farm located in Kern County. This agreement is part of a larger plan to meet the goal of 100% renewable energy by 2045.
What are the benefits of the Orange County Pre Power Purchase Agreement?
There are numerous benefits to the Orange County PPA, including:
1. Reduced carbon footprint: The use of renewable energy sources, such as solar power, reduces carbon emissions, which helps to mitigate the effects of climate change.
2. Cost savings: The electricity produced from renewable energy sources is often cheaper than fossil fuel-generated electricity, which will result in cost savings for the County of Orange.
3. Energy security: The Orange County PPA will ensure a consistent and reliable source of energy, reducing dependence on volatile fossil fuels.
4. Job creation: The construction and operation of the solar farm will create jobs in Orange County and Kern County.
The Orange County Pre Power Purchase Agreement is an important step towards achieving the goal of 100% renewable energy in Orange County. The agreement will not only benefit the environment but also the economy of the region. The use of renewable energy sources will reduce carbon emissions, result in cost savings, and create job opportunities. The County of Orange has taken a significant step towards a sustainable and renewable future, and it is hoped that other jurisdictions will follow suit.