Washington, D.C
Washington D.C. signs 73 MW solar power purchase agreement
The Public Service Fee authorized a long-term energy buy settlement in partnership with Invenergy.
A 15-year energy buy settlement (PPA) has been signed by the Washington D.C. Public Service Fee for renewable power to serve a goal amount of 5% of the usual provide service (SOS) electrical energy provide load starting in December 2024. The settlement is the results of a pilot program to obtain renewable power via long-term PPAs for electrical energy era sourced by photo voltaic and wind situated within the PJM interconnection area.
The settlement, signed with developer Invenergy, covers the sale of power, renewable power credit, and capability for a 15 12 months time period. The PPA options levelized pricing for about 154,000 MWh of electrical energy per 12 months, representing 73 MW, or 29% of Invenergy’s photo voltaic mission capability.
The mission marks one other step by the PSC to maneuver D.C. nearer to assembly its 100% renewable power by 2032 aim. “Approving a 15-year settlement for renewable power for SOS clients is a major milestone for the Fee,” said Emile C. Thompson, PSC chair.
The SOS program permits D.C. electrical clients to purchase default electrical era providers via Pepco and slightly than about 45 deregulated aggressive electrical suppliers. About 31% of Pepco’s electrical energy provide gross sales had been offered via the SOS program in 2021. In D.C., about 86% of residential electrical clients purchase Pepco-supplied default SOS energy. Thie newest settlement is Pepco’s largest buy of photo voltaic power for its clients so far.
“By incorporating the long-term renewable power PPA into the SOS procurement portfolio, we’re taking direct motion to cut back greenhouse gasoline emissions by selling the development of latest renewable power era inside the PJM Interconnection grid area. This pilot program is the product of a collaborative, complete, and clear SOS Working Group course of. I need to thank all stakeholders, together with the Workplace of the Folks’s Counsel, for his or her enter and participation,” stated Thompson. “We intend to re-engage the SOS Working Group as we endeavor to proceed furthering the District’s power and local weather objectives by exploring the enlargement of the proportion of SOS load served by renewable power PPAs within the close to time period.”
The Photo voltaic Vitality Industries Affiliation (SEIA) reviews Washington D.C. as having 181 MW of photo voltaic capability put in so far, sufficient to energy almost 30,000 houses. It has a broadly distributed combine throughout sectors, with vital capability in residential, business, group, and utility-scale photo voltaic. The District is residence to 157 photo voltaic corporations and has had $430 million in photo voltaic funding so far.
In 2021, Washington D.C. had 1,055 photo voltaic jobs. It’s projected so as to add 216 MW over the subsequent 5 years, greater than doubling the put in capability throughout the prevailing 10,624 photo voltaic installations that exist right this moment.
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