sPower wins 68.8 MW Southern California Public Power Authority PPA

1. California (4316 MW)

Renewable energy provider sPower won a 20-year power purchase agreement with Southern California Public Power Authority to provide 68.8 MW of solar power. Participating member agencies are the cities of Azusa, Colton, Riverside and Vernon.

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 in 2016. sPower estimates a peak construction crew size of up to 160.

When fully operational, the facilities will cumulatively generate enough renewable energy for nearly 10,000 homes and are expected to reduce carbon emissions about 108,000 metric tons annually – the equivalent of greenhouse gas emissions from 257 million miles driven by an average car or carbon dioxide emissions from 1,400 tanker trucks’ worth of gasoline.

These projects are the third and fourth sPower-owned facilities with long-term SCPPA power purchase agreements. The previous PPAs were for 20 MW projects, both of which are on track for 2016 operational dates.

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 $168.5 million debt financing and has more than a gigawatt of projects planned.

sPower has its headquarters in Salt Lake City, with offices in New York City and San Francisco.

The Southern California Public Power Authority is a joint powers authority (formed under the provisions of the Joint Powers Act of the State of California) consisting of eleven municipal utilities and one irrigation district

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