Avista Selects Clearway Energy Group’s Rattlesnake Flat Wind Project for Power Purchase Agreement
Avista Corporation (AVA)
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Source: GlobeNewswire
SPOKANE, Wash., March 19, 2019 (GLOBE NEWSWIRE) -- Avista, through a request for proposal issued in June 2018, has selected to purchase power generated by the proposed Rattlesnake Flat Wind project in Adams County, Washington. Rattlesnake Flat Wind, a wind energy facility permitted and being developed by renewable energy developer Clearway Energy Group (“Clearway”), will provide Avista with approximately 50 average megawatts of renewable energy, or as much as 144 megawatts of nameplate wind capacity, under a 20-year power purchase agreement (PPA) with deliveries beginning in 2020. The PPA provides Avista with additional renewable energy, capacity and environmental attributes, which will offset higher priced market purchases. The PPA aligns with Avista’s 2017 Integrated Resource Plan which identifies that the utility will consider acquiring additional resources if such resources have lower long-term cost than electric market alternatives. Avista expects to recover the cost of the p
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