Citing project uncertainties, California public power utility SMUD announced on Jan. 5 that it will not be purchasing power from the Coyote Creek solar energy project.
Some of the uncertainties include supply chain constraints, rising prices, tariffs, schedule delays, environmental impacts and pending litigation, SMUD said.
In 2021, SMUD signed a power purchase agreement with D.E. Shaw Renewable Investments (DESRI) to be an off taker of solar power from the Coyote Creek Agrivoltaic Ranch project.
SMUD CEO and General Manager Paul Lau issued the following statement about SMUD’s decision to terminate the PPA for the project:
“Over the years, SMUD and DESRI have delivered multiple important clean energy projects that benefit our community, and we look forward to continuing our partnership for years to come. We’d like to thank Sacramento County for all their work throughout the process and our SMUD Board of Directors for their leadership. We remain committed to following a flexible pathway to eliminate all carbon from our power supply by 2030.”
