First Solar and MCE Sign Power Purchase Agreement Community Choice Aggregator taps into 40MWAC first phase of Little Bear Solar Project
First Solar, Inc. (Nasdaq: FSLR) and MCE announced that MCE has entered into a Power Purchase Agreement (PPA) for electricity generated from 40MWAC of First Solar's Little Bear Solar Project in Fresno County, CA. The project, designed to be built out eventually to 160MWAC, is anticipated to begin construction in 2019, with commissioning expected in 2020.
A leading community choice aggregator (CCA) in California, MCE offers their customers the benefits of locally controlled, competitively priced renewable energy options. The Little Bear PPA is First Solar's first with a CCA.
"MCE is at the forefront of community-based power, a trend that is growing not only in California but across the United States," said Brian Kunz, First Solar's Vice President of Project Development. "We are excited to partner with an early leader in this important energy segment, and we look forward to expanding the relationship as MCE's customer base grows."
"MCE is dedicated to getting more renewable energy on the grid in California, and providing climate-friendly energy choices for customers," said Dawn Weisz, CEO of MCE. "By empowering communities and customers with green energy choices like Light Green 50% renewable and Deep Green 100% renewable, MCE is able to stimulate build-out of California solar projects, providing a competitive new marketplace for enterprising energy suppliers like First Solar."
In the agreement, MCE will initially purchase electricity from Little Bear's 40MWAC first phase, with an option to expand up to the project's full 160MWAC as their load increases through potential expansion. Terms of the deal were not disclosed.
MCE is a not-for-profit, community-based electricity provider offering 50% to 100% renewable electricity from sources such as solar, wind, bioenergy, geothermal and hydroelectricity at competitive rates in Marin County, Napa County and the cities of Benicia, El Cerrito, Lafayette, San Pablo, Richmond and Walnut Creek. By choosing MCE, customers help support new in-state and local renewable energy generation. More at www.mcecleanenergy.org.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced module and system technology. The company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar's renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
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