Generation

California community choice aggregators sign PPAs for 150 MW of solar, 180 MWh of storage

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S&P Global Platts

Houston — Canada’s Recurrent Energy said Tuesday it has signed two 15-year power purchase agreements with two California community choice aggregators, or CCAs, to supply a total of 150 MW of solar power from a utility-scale facility that will be built with 180 MWh of battery storage attached.

Power will be supplied from Recurrent Energy’s Slate photovoltaic-plus-storage project to be built in Kings County, California. The project is scheduled to reach commercial operation in 2021, Recurrent said. Approximately 55% of the …

Electricity

FTR markets critical to hedging prices, but traders say improvements needed

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S&P Global Platts

New York — Financial transmission rights traders are evaluating challenges and potential improvements in the power transmission constraint markets in the wake of a nearly $50 million FTR market default in June.

“Trying to get the credit policies commensurate with the risk that the trading desk teams are taking” is critical to limiting the probability of market disruptions, Mark Bulkeley, director at trading firm DC Energy, said Thursday at the …