Intersect Power Inks Long-term PPA with Direct Energy for 250 MW Solar Project

Moreover, the Athos I project is likely to kick start construction in June 2020 and Athos II in October 2020.

Utility-scale renewable energy developer Intersect Power has signed a long-term power purchase agreement (PPA) with Direct Energy Business for Intersect Power’s 250 MW (MWAC) solar project.

Direct Energy Business is a part of Direct Energy, one of North America’s largest energy and energy-related services providers, and a subsidiary of Centrica PLC.

The move will enable Direct Energy to contract with Direct Access (DA) customers and Community Choice Aggregations (CCAs) as they decarbonize their electricity supplies.

Moreover, the Athos I project is likely to kick start construction in June 2020 and Athos II in October 2020.

It is expected that post completion, the both the projects will be having combined 450 MWAC capacity and it will be one of the largest solar installations in California.

Commenting on the partnership, Intersect Power, CEO and co-founder, Sheldon Kimber said, “The team at Intersect Power is pleased to work with Direct Energy to deliver new in-state renewable energy generation options for California homes and businesses.”

Kimber further added that “together, we are creating a long-term agreement to benefit Southern Californian communities and help households reduce their environmental impact.”

“This transaction demonstrates Direct Energy’s unique ability to create long-term renewable energy solutions that combine the strengths of customers, project developers, and energy service providers alike,” said David Brast, Senior Vice President, North America Power and Gas, Direct Energy Business.

Brast also said that “Athos Solar I is an exciting project to be a part of. Intersect has developed several excellent projects and we are proud to collaborate with them.  Direct Energy is looking forward to the project helping enable our customers to move to a lower carbon future.”

Meanwhile, the project is expected to support more than 500 jobs at the time of construction and will generate enough clean electricity to power 1,36,500 homes. It will also result in reducing approx. 1 million tons of CO2 emissions every year.