The new power purchase agreement (PPA) carries a 25-year term beginning at the end of 2012, and assumes a 31% capacity factor with expected generation of 269GWh per year by enXco.
PG&E says the PPA price is below the market price referent – a proxy for the long-term cost of energy from a new 500MW natural gas-fired power plant – but specific price information is confidential.
enXco, a subsidiary of French developer EDF Energies Nouvelles, plans to remove 235 100kW turbines from its enXco 5 facility in Solano County to make way for Shiloh 4 on the site.
PG&E
