Iberdrola agrees renewable energy sale to Roseville Electric

Iberdrola has agreed for a 10-year contract to supply a package of renewable energy products to Roseville Electric, the municipal electric utility of Roseville, California.

Roseville is planning to increase the renewable energy capacity to 33percent by 2020.

This deal will solidify the quantities of renewable energy over time to help Roseville fulfill California’s renewable portfolio standard (RPS) obligation through 2024.

Roseville is obtaining all three renewable energy products in a single contract with Iberdrola, achieving cost efficiencies and ease of compliance with the RPS law.

The deal provides the Roseville with the flexibility to adjust the volumes needed to manage its renewable energy supply more cost efficiently.

Iberdrola will manage all delivery requirements and source the energy and renewable energy credits, including facilities certified by the California Energy Commission to meet the state’s RPS.

The execution of transaction was authorized by the City Council of Roseville recently.

With affordable wind energy assets in portfolio, plus experienced managing the California delivery requirements, it is possible to deliver clean power to customers. This deal supports Roseville’s renewable energy goals, and takes advantage of the sophisticated scheduling and energy delivery capabilities, said, Barrett Stambler, vice president, Iberdrola Renewables.