HomeMy WebLinkAbout2020-09-17; Clean Energy Alliance JPA; ; Clean Energy Alliance Long-Term Renewable SolicitationClean Energy Alliance
JOINT POWERS AUTHORITY
Staff Report
DATE: September 17, 2020
TO: Clean Energy Alliance Board of Directors
FROM: Barbara Boswell, Interim Chief Executive Officer
ITEM 3: Clean Energy Alliance Long-Term Renewable Solicitation
• RECOMMENDATION:
Authorize Interim Chief Executive Officer to execute term sheets, exclusivity and confidentiality
agreements with short-listed projects from the CEA Long-Term Renewable Solicitation.
BACKGROUND AND DISCUSSION:
At its special meeting June 26, 2020, the Clean Energy Alliance (CEA) Board authorized issuance of the
first CEA Long-Term Renewable Solicitation. California SB 350 establishes the requirement that 65% of
CEA's state mandated renewable portfolio standards be provided through long-term contracts of 10-
years or longer. This solicitation, which opened July 1, 2020, seeks to fill a portion of its long-term
contracting requirements.
The solicitation closed July 27, with 30 different proposers offering 88 projects, 75 of which are solar or
solar + storage technology. Staff and Pacific Energy Advisors are reviewing the projects to develop a
short list based on price, location, technology, and developer's demonstrated ability to complete the
perform.
The next steps in the process are to execute term sheets, exclusivity and confidentiality agreements with
the short-listed proposers that we are interested in moving forward with in negotiations. The term
sheet summarizes the deal points of the agreement, the exclusivity agreement ensures that the
developer is only negotiating with CEA for the project, and the confidentiality agreement ensures both
parties maintain confidentiality throughout the negotiation process. Once a final agreement is reached,
it will be brought back to the CEA Board for final approval at the December or January meeting.
FISCAL IMPACT
There is no fiscal impact by this action.
ATTACHMENTS:
None
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