The Southern California Public Power Authority (“SCPPA”) and 8minute Solar Energy (“8minute”) have partnered for the development of two renewable energy/storage projects (known as the “Eland” projects) in Kern County, California, each combining 200 MWac of solar photovoltaic energy generation with 100 MWac / 400 MWh battery storage systems. Upon completion, the projects will be among the largest and most technologically advanced integrated “solar-plus-storage” facilities in the world.
SCPPA will purchase all the energy, environmental attributes, and battery storage products from the projects to help serve the clean energy needs of its participating members, the City of Los Angeles Department of Water and Power, and the City of Glendale. Additionally, SCPPA and 8minute entered into Option Agreements that provide SCPPA the right to purchase and acquire both projects in the future.
Holland & Hart’s Electric Power industry team served as lead counsel for the negotiation of the Power Purchase Agreements and Option Agreements for the Eland 1 and Eland 2 combined “solar-plus-storage” projects on behalf of SCPPA. The Holland & Hart transaction team was led by Denver-based partner Ashley Wald, with support from fellow corporate attorneys Billi McCullough and Kenyon Redfoot, tax attorney Adam Cohen, and real estate attorney Matt Kim-Miller.
The Electric Power team leverages decades of power industry experience to help clients seize opportunities to produce, develop, generate, and move electric power in the renewable and conventional power industries.
For more information, please see 8minute Solar Energy’s press release.