First Solar, MCE Sign Power Purchase Agreement
November 01 2016 - 10:00AM
Business Wire
Community Choice Aggregator taps into 40MWAC
first phase of Little Bear Solar Project
First Solar, Inc. (Nasdaq: FSLR) and MCE today 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.
About MCE
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.
For First Solar Investors
This release contains forward-looking statements which are made
pursuant to safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include statements, among other things, concerning: our business
strategy, including anticipated trends and developments in and
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to continue to reduce the cost per watt of our solar modules; our
ability to reduce the costs to construct PV solar power systems;
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version on businesswire.com: http://www.businesswire.com/news/home/20161101005304/en/
First Solar MediaSteve Krum+1
602-427-3359steve.krum@firstsolar.comorFirst Solar InvestorsStephen
Haymore+1 602-414-9315stephen.haymore@firstsolar.comorMCE Marketing
ManagerKalicia Pivirotto+ 1 415-464-6036kpivirotto@mceCleanEnergy.org
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