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New power purchase agreements (PPAs) have been signed for a the 270 MW Coso geothermal portfolio in California, which underwent a debt restructuring in 2017 before losing a prior PPA with a utility company in 2019.
California community choice aggregators Monterey Bay Community Power and Silicon Valley Clean Energy will each buy a portion of the portfolio's output for 15 years starting in 2022.
Monterey Bay will buy 67.5MW for the first five years and 50MW thereafter. The total...