8minute Solar Energy Signs Contract with MBCP and SVCE to Develop 250 MW Solar-Plus-Storage Project

Aratina Solar Center is 8minute’s first project with
Community Choice Energy providers, delivering clean, reliable, and
affordable energy to power 93,000 homes

PVTIME - 8minute Solar Energy (8minute) announced that the company has executed a power purchase agreement (PPA) with Monterey Bay Community Power Authority (MBCP) and Silicon Valley Clean Energy (SVCE), marking 8minute’s first contract with Community Choice Energy (CCE) providers. The 250-megawatt (250 MWdc / 200 MWac) Aratina Solar Center includes 150 megawatt-hours (MWh) of energy storage and will provide enough power for 93,000 homes.

“Community Choice Energy providers across California are taking
proactive and ambitious action on behalf of their communities and are
playing a critical role in helping the state reach its aggressive clean
energy goals,” said Dr. Tom Buttgenbach, President and CEO of 8minute.
“Our first partnership with Community Choice Energy providers has been a
positive experience for 8minute, giving us an opportunity to partner
directly with communities to put more affordable, clean energy on the
grid. We look forward to continuing to build strong and mutually
beneficial partnerships with MBCP, SVCE and other community aggregators
as we pioneer a new generation of solar and storage.”

Scheduled to come online before the end of 2023, the Aratina Solar
Center will offset carbon emissions by approximately 430,000 metric tons
each year, the equivalent of planting 7 million trees annually or
removing 90,000 cars from the road.

The Aratina Solar Center will serve approximately 7-8% of MBCP’s
retail load with 120 MWac solar generating capacity, 30 MWac battery
energy capacity and a 3-hour discharge duration, while SVCE will be
contracting for 80 MWac solar generating capacity and 20 MWac battery
energy capacity, with a 3-hour discharge duration, serving 6.6% of
SVCE’s annual retail load.

“Securing renewable, reliable, affordable energy to power our
community and support our clean energy goals is our top priority, and we
have been proud to work with the state’s largest solar developer to
ensure that we meet that goal,” said Tom Habashi, Chief Executive
Officer of MBCP. “This large-scale, long-term solar project with storage
launches us into an even stronger position in doing our part to reduce
carbon emissions while meeting our customers’ needs.”

“Our partnership with 8minute is another success shared with MBCP as
we continue to take significant steps to expand California’s renewable
energy portfolio,” said Girish Balachandran, Chief Executive Officer of
SVCE. “The Aratina Solar Center, complete with battery storage, will
allow us to store and deliver solar power when our customers need it —
well into the evening hours — reducing our reliance on carbon-emitting
gas plants and moving us ever closer to a decarbonized grid.”

The Aratina Solar Center is being built in Kern County, California,
where 8minute has been a significant player in accelerating solar and
storage development. This marks the company’s ninth project in the
county, where it has already developed and placed in operation more than
500 MWdc of solar, including the Springbok Solar Cluster and the Redwood Solar Cluster.

The Aratina Solar Center alone is expected to generate hundreds of
millions in total capital investment, more than $12 million in local tax
revenues, $16 million in land payments over the life of the project and
300 direct construction jobs.

This contract is a result of the Joint Request for Offers (RFO)
issued by MBCP and SVCE in April 2019. The Aratina Solar Center will be
the seventh project the CCE’s have jointly acquired.