EDF Renewables North America and Shell Energy North America Sign Power Purchase Agreement for Segment of Palen Solar Project

EDF Renewables North America and Shell Energy North America (US), L.P. (SENA) announced the signing of a 15-year Power Purchase Agreement (PPA) related to a 132 megawatt (MWac) tranche of the Palen Solar site known as Maverick 7 Solar Project. The project expects to deliver clean electricity by the end of 2021.

Palen Solar is located in Riverside County, California on 3,140 acres of federal lands within a Solar Energy Zone (SEZ) and Development Focus Area, managed by the U.S. Bureau of Land Management (BLM). The BLM completed the federal permitting process, issuing the project a Record of Decision (ROD) in October 2018.

“Palen Solar, with a total of 500 MW of solar capacity, demonstrates EDF Renewables’ long-term commitment to solar development in California. The project uniquely positions the Company to help load-serving entities meet their long-term carbon goals and obligations under California’s Renewable Portfolio Standard (RPS) by offering smaller tranches at industry-leading prices,” said Dai Owen, Vice President, Power Marketing for EDF Renewables.

As the sole energy off taker for the Maverick 7 Solar Project, SENA will also purchase 100 percent of the environmental attributes, including the renewable energy credits and capacity. This agreement builds on the previously announced PPA between SENA and EDF Renewables for another tranche of the Palen Solar Project in 2018.

“We continually look for opportunities to increase the supply of renewable power in California while simultaneously reducing Shell’s carbon footprint,” said Glenn Wright, President of Shell Energy North America. “Customers and communities are demanding a shift in the way their power is generated, and the Maverick 7 Solar Project allows us to deliver a cleaner, sustainable energy solution.”

EDF Renewables is one of the largest renewable energy developers in North America with 16 gigawatts of wind, solar, and storage projects developed throughout the U.S., Canada, and Mexico.

About EDF Renewables:

EDF Renewables North America is a market leading independent power producer and service provider with over 30 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 10 GW under service contracts. EDF Renewables is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com

About Shell Energy North America

Shell Energy North America (US), L.P. (SENA) is among the largest wholesale energy marketers and traders in North America and provides a comprehensive portfolio of energy-related products and services. Consistently ranked within the top three gas and power marketers in its region, SENA’s capabilities include marketing natural gas within the USA and Canada, with a sales volume of approximately 10 billion cubic feet per day and marketing wholesale and retail power, with sales topping 270 million megawatt hours annually. A participant in nearly all organized power markets, SENA manages more than 10,000 megawatts (MW) of power generation capacity, with more than a third of that power coming from renewable sources including hydro, wind and solar. www.shell.us/business-customers/trading/shell-energy-north-america.html