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sPower and CleanPowerSF Sign Long-Term PPA for 100 MW of Solar

sPower, the largest private owner of operating solar assets in the United States, has signed a 22-year, 100 MW solar Power Purchase Agreement (PPA) with CleanPowerSF, a California Community Choice Aggregator (CCA) managed by the San Francisco Public Utilities Commission (SFPUC) that serves the City and County of San Francisco. The energy will be sold from sPower’s San Pablo Raceway Solar Project located in Lancaster, California.

San Pablo Raceway is expected to be commercially operational in 2019 and generate enough renewable energy to power over 87,000 average San Francisco households. The project will create approximately 500 positions during its construction and 10 full time positions during operation.

“We are thrilled to partner with sPower and deliver on our promise to invest in renewable energy projects and ensure clean, safe and reliable energy for our customers for years to come,” said Barbara Hale, SFPUC Assistant General Manager for Power.

“We are excited to partner with CleanPowerSF to provide clean renewable solar energy for San Francisco,” said Hans Isern, SVP of Power Marketing at sPower.

The San Pablo Raceway Project will be part of sPower’s large solar portfolio in the Antelope Valley, which totals over 600 MW. This is the fourth PPA sPower has signed with CCAs in California.

About CleanPowerSF: CleanPowerSF is a not-for-profit program that launched in 2016 with a mission to provide San Francisco electricity customers with the choice of having their electricity supplied from clean, renewable sources at a competitive price. In partnership with PG&E, CleanPowerSF is now serving cleaner energy to more than 80,000 San Francisco customers (and counting).

About sPower: sPower, an AES and AIMCo company, is the largest private owner of operating solar assets in the United States. sPower owns and operates a portfolio of solar and wind assets greater than 1.3 GW and has a development pipeline of more than 10 GW. sPower is owned by a joint venture partnership between The AES Corporation (NYSE: AES), a worldwide energy company headquartered in Arlington, Virginia, and the Alberta Investment Management Corporation, one of Canada’s largest and most diversified institutional investment fund managers.