Casa diablo iv geothermal project12/6/2023 CD4 Project is a new state-of-the-art air-cooled binary geothermal facility that is renewable and will have no CO2 emissions, will provide resource adequacy and ancillary benefits. CD4 will allow the City of Colton to meet its clean energy standards while also ensuring grid reliability. Isaac Angel, CEO of Ormat Technologies said, “This strategic PPA supports Ormat’s long-term plans to grow our geothermal business domestically. Ormat intends to sell the balance of 14MW to other off-takers or at the spot market. The PPA is for a term of 25 years and has a fixed price of $68 per MWh. The 16MW of energy deliveries under the PPA will begin no later than the end of 2021 with an extension option. The CD4 power plant will be the first geothermal power plant built within the California Independent System Operator (CAISO) balancing authority in the last 30 years. SCPPA will resell the output to the City of Colton. Under the PPA, SCPPA will purchase 16MW of power generated by the expected 30MW Casa Diablo-IV (CD4) geothermal project located in Mammoth Lakes, California. (NYSE: ORA) announced the signing of a Power Purchase Agreement (PPA) between a subsidiary of the Company and Southern California Public Power Authority (SCPPA). As a result of the RFOs, CCCE and SVCE have to date signed 12 joint PPAs, totaling 1,470 MW of clean energy and 356 MW of storage.In a release today, Ormat Technologies Inc. The PPA is a result of the request for offers (RFO) CCCE and SVCE issued jointly in 2019. The CD4 project also marks a significant milestone as the first in Ormat’s portfolio to sell its output to Community Choice Aggregators.Īccording to Paul Thomsen, Vice President of Business Development at Ormat, “We are excited that these contracts will be the first of many such contracts with the rapidly growing Community Choice Aggregators throughout California.” “Central Coast Community Energy is committed to procuring 100% clean and renewable energy on behalf of our Central Coast customers by 2030 through new and diverse renewable projects,” said Tom Habashi, CCCE CEO. “We are ecstatic about the CD4 project in partnership with Silicon Valley Clean Energy and Ormat breaking ground and helping us to deliver consistent and clean energy to support our growing customer base in a fiscally responsible way.” SVCE is specifically interested in the innovative closed-loop technology that makes this resource emission-free.” “This project will increase reliability and demonstrate the variety of technologies needed to transition away from fossil fuels and to a clean, decarbonized grid. SVCE and 3CE will be able to count the CD4 project towards the CPUC’s new procurement order,” said Girish Balachandran, SVCE CEO. “Carbon-free energy from resources such as geothermal that produce energy in all hours of the day are critical to achieve California’s GHG reduction goals. The CD4 project will be the first new geothermal power plant built within the California Independent System Operator (CAISO) balancing authority in the last 30 years. The state recently ordered the procurement of at least 1,000 MW of zero carbon emitting generation resources with at least an 80% capacity factor by 2026 which includes new geothermal. The CD4 project is also using an innovative closed-loop binary process to eliminate the natural carbon emissions associated with flash steam geothermal energy production. The project is estimated to bring over $13 million in economic benefits to the Mammoth Lakes region and will create more than 180 construction jobs. The remaining 16 MW of power will be going to the City of Colton in Southern California. The state-of-the-art project is expected to provide 30 MW of electricity, enough to power 22,000 homes and offset 160,000 tons of CO2 annually. Construction was officially kicked off in May 2021. Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE) will receive 14 MW of the project output through a contract signed with Ormat Technologies. Construction is underway for the binary geothermal power project, Casa Diablo-IV (CD4) located in Mammoth Lakes, CA.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |