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SAM board sets Feb. 9 public hearing on proposed 20-year solar-plus-storage PPA with Caldwell Energy
Summary
The SAM board voted unanimously Jan. 26 to set a public hearing on a proposed 20-year power-purchase agreement with Caldwell Energy for an ~800 kW ground-mounted solar system with battery storage; consultants said the PPA could save roughly $1.3 million over 20 years, but board members raised permitting and habitat concerns for the Half Moon Bay parcel and asked staff to explore alternative sites on plant property.
The SAM board on Jan. 26 directed staff to publish notice and hold a public hearing on Feb. 9 to solicit input on a proposed energy services contract with Caldwell Energy for a solar-plus-storage project.
Consultant Rebecca Whetstein of AliBridge Energy Solutions outlined the proposal and why the board must move quickly. She told the board the package contemplates “just under 800 kilowatts DC of solar” paired with battery storage, sold under a 20-year power purchase agreement (PPA) with a 3% annual escalator. Whetstein said the bid analysis showed Caldwell Energy with the most attractive pricing and that, at the pricing modeled, the plant could see roughly…
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