The Silicon Valley Clean Energy Board of Directors has selected Monica Padilla as the community choice energy agency’s next CEO.
Padilla has worked at SVCE for five years leading power policy, planning, procurement, regulatory, operations and compliance as the Chief Operating Officer and Director of Power Resources.
In August, current SVCE CEO, Girish Balachandran, announced his plan to retire on March 31, 2024.
Padilla’s appointment as CEO was approved by the SVCE board and she will start her new role on April 1, 2024.
As COO and Director of Power Resources, Padilla has led the negotiation and execution of over 20 power purchase agreements for clean, renewable energy and storage projects representing over $3.6 billion in long-term contracts.
With these projects, SVCE is on track to achieve a 75% Renewable Portfolio Standard by 2030, surpassing the state requirement of 60% RPS by 2030.
Padilla and her team have been overseeing the successful management and scheduling of load and resources in the wholesale market as these clean power projects become operational.
On behalf of SVCE, Padilla led the staff project oversight committee for the California Community Power long-duration energy storage procurement, which at the time was the largest effort of its kind.
Beyond the agency’s power supply, Padilla’s leadership and industry expertise is exemplified in her work with the board and staff on agency-wide strategic planning, and policy and procurement collaboration with CCAs across the state, SVCE said.