PG&E Makes Offer To Buy Power From California Bioenergy Plant

The North Fork bioenergy plant has just cleared another hurdle toward getting the project up and running. They have now been offered a power purchase agreement from Pacific Gas & Electric (PG&E). North Fork Community Power, LLC, is a joint venture between Phoenix Energy and the North Fork Community Development Council that will own and […]

The North Fork bioenergy plant has just cleared another hurdle toward getting the project up and running. They have now been offered a power purchase agreement from Pacific Gas & Electric (PG&E).

North Fork Community Power, LLC, is a joint venture between Phoenix Energy and the North Fork Community Development Council that will own and operate a biomass gasification facility in North Fork. Phoenix Energy has announced that two of its developments – North Fork Community Power and Blue Mountain Electric Company – have received offers for power purchase agreements (PPAs) from PG&E.

The offers were awarded under the Bioenergy Market Adjusting Tariff (BioMAT), a program the California Public Utilities Commission developed to implement California Senate Bill 1122, which requires electrical corporations such as PG&E to procure 50 megawatts of power each year from bioenergy plants using byproducts that are sustainably harvested from the forest.

Under the PPAs, North Fork and Willseyville will receive $199.72 per MWh exported to the grid for 20 years from commencement of operation. Once they are operating, Phoenix Energy expects the projects to collectively export 37,500 MWh per year, equating to nearly $7.5 million of annual revenue from power sales, before revenue from biochar and other byproducts. The two biomass companies have 2 ½ years from the date of contract award to interconnect to the grid.

“We are extremely excited to receive these PPA offers and look forward to working with PG&E to quickly complete the construction and interconnection of both the North Fork and Willseyville projects, providing California with clean, flexible electricity that can be produced around the clock while also reducing wildfire risk and sequestering carbon,” says Phoenix Energy CEO, Gregory Stangl. “These attractive PPAs reflect the value the projects will provide to the local wildfire threatened communities that are both our partners and hosts as well as to PG&E and the State of California.”

From Sierra News Online: http://sierranewsonline.com/pge-makes-offer-to-buy-power-from-north-fork-bioenergy-plant/

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