In an effort to increase renewable generation, Roseville Electric, the municipal electric utility of Roseville, Calif., has signed a 10-year contract with Iberdrola Renewables.
Roseville is seeking to increase the amount of energy it receives from renewable resources to 33% by 2020.
According to Iberdrola, the deal runs through 2024 and will help deliver firm quantities of renewable energy over time to help Roseville fulfill California's 33% by 2020 renewable portfolio standard (RPS).
To gain cost-efficiencies and ease of compliance with the RPS law, Roseville is procuring qualifying renewable energy products, including wind, in a single contract.
Iberdrola Renewables will manage all delivery requirements and source the energy and renewable energy credits from its renewable asset portfolio, which includes facilities certified by the California Energy Commission, to meet the state's RPS. The contract gives Roseville the flexibility to adjust the volumes as needed to economically manage its renewable energy supply.