We are happy to announce that we recently signed a long-term agreement for 225 megawatts (MW) of wind energy with developer Pattern Energy. The project will be built in New Mexico by the end of 2021 and will produce enough renewable electricity to power nearly 186,000 San José homes.
This is our fourth long-term power purchase agreement (PPA) since our launch in February 2019. This 15-year PPA for wind diversifies our portfolio and augments our previous investments in new solar and battery storage. Wind energy has a complementary generation profile to solar and typically delivers power around the clock. Due to the project’s location in New Mexico, its energy deliveries will generally increase earlier each day than local wind projects, helping meet customer demand during the crucial early evening hours when demand is high but renewable energy supply is typically low.
To learn more about our wind investment, please read our press release.