EnviroMission Solar Tower Power Purchase Agreement With SCPPA Up For Approval

Excerpt from article: 19EnviroMissionEVM.axNews) Arizona Solar Tower development to the Southern California Public Power Authority (SCPPA) has been placed on the agenda for approval at the next SCPPA board meeting on October 21, 2010. only suitable solar energy project at the time of EnviroMission's successful submission to a 2008 SCPPA Request for Proposals (RFP).  The 2008 SCPPA RFP sought suppliers of suitable renewable energy for SCPPA member utilities to meet their Renewable Portfolio Standard (RPS). SCPPA members have adopted a 33% mandate by 2020 to be generated from renewable energy.SCPPA is a California joint power authority consisting of eleven municipal utilities and one irrigation district.  SCPPA members deliver electricity to approximately two million customers over 7,000 square miles to a population of nearly five million people.EnviroMission has been negotiating the sale of clean renewable electricity from the first of two planned 200 MW Solar Tower power stations in Arizona to SCPPA and its member utilities since qualifying as a 'suitable renewable project' in 2009. SCPPA board approval requires member utilities, identified as 'Project Participants' (end user utilities), to seek approval from their respective governing bodies to purchase agreed amounts of Solar Tower power from SCPPA via individual Power Sales Agreements (PSA) that will be met by the EnviroMission SCPPA Power Purchase Agreement (PPA).Ratification of each PSA is a condition precedent to the SCPPA PPA with EnviroMission however all PPA negotiations were conducted in consultation with SCPPA member utilities with the objective of 'satisfying a collective renewable energy appetite' of a number of SCPPA member utilities through a single PPA executed between SCPPA and EnviroMission. Development of Solar Towers in Arizona's hot, arid west will create vital regional development opportuniti...
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