Power purchase agreement day
Western Geothermal announced May 10th that PG&E has agreed to buy the output from their Geysers project amounting to 212,000 megawatt hours (MWh) per year. This constitutes a major step forward in the re-development of PG&E’s old Unit 15 that was previously in production at the site. There is potentially more capacity at the site and this contract allows for expansion to 261,000 MWh per year should that capacity become available.
In a separate series of power purchase agreements, Ormat has struck a deal with Basin Electric Power Cooperative who will purchase the output of 4 recovered heat binary units, each with an estimated capacity of 5.5MW. The heat will be provided by gas turbines from the Northern Border natural gas pipeline which runs through the area. The total output of the combined plants is estimated at over 180,000 MWh per year when all of the facilities are online in 2009.