BrightNight to Deliver Largest Renewable Solution in SPPA History

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Jul 19, 2022, 10:00 ET

300MW solar project + 600 MWh battery to provide valuable capacity to SPPA members

INLET BEACH, Fla., July 19, 2022 /PRNewswire/ -- Following a competitive solicitation, the Southwest Public Power Agency, Inc. (SPPA) has signed a Power Purchase Agreement (PPA) with a BrightNight joint venture (JV) for the delivery of 300-megawatts of solar energy and 600 megawatt-hours of battery storage power. This is the largest renewable power purchase in SPPA's operational history and will supply 21 of SPPA's constituent members who are working to meet growing demand and carbon reduction goals. Power will be supplied from BrightNight's Box Canyon project located in Pinal County, Arizona, held jointly with BrightNight's JV partner, Cordelio Power. The project recently completed its final major permitting milestones and is expected to begin operation in 2025. SPPA Project Manager, Dennis Delaney shared that, "SPPA is proud to supply its members with safe, reliable, and affordable electricity from an industry-leading renewable power project. BrightNight was able to understand our long-term goals and propose a solution to meet the needs of our members and their customers, while remaining cost-effective."

BrightNight specializes in utility-scale dispatchable power and leveraged its in-house optimization technology to assess SPPA's needs and deliver a value-creating solution that goes beyond the technology configuration in the original RFP. BrightNight developed the Box Canyon project as part of their joint venture with Cordelio Power, which owns and develops renewable power facilities across North America and is wholly owned by the Canadian Pension Plan Investment Board.

BrightNight CEO Martin Hermann shared, "Our partnership with SPPA is emblematic of our customer-centric approach that delivers solutions that go beyond customer expectations. We're excited to deliver reliable, dispatchable, renewable power to SPPA and applaud SPPA for their leadership in providing cost-effective, long-term, clean power to its members and their customers."

In addition to providing approximately 1/3 of SPPA's peak capacity needs and 19-21% of SPPA's energy needs, the Box Canyon project is expected to create more than 200 construction jobs, approximately 5 permanent O&M jobs, and is projected to contribute more than $65M to the K-12 educational trust through lease payments to the State of Arizona. The project garnered broad public support across Pinal County. BrightNight coordinated with local businesses and executed a vigorous community engagement campaign that contributed to the project's successful development. The Box Canyon project is a powerful example of the value renewable power infrastructure can provide. BrightNight is developing a 20-gigawatt-ac portfolio of projects across the country for customers working to meet growing demand and address challenging reliability factors. BrightNight's solutions deliver more than clean renewable power – they provide significant economic value to the communities they serve, create high-value jobs in a growing industry, and generate electricity without any added burden on local transportation and water infrastructure.

About BrightNight
BrightNight is the first renewable integrated power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions. BrightNight works with customers across the U.S. and Asia Pacific to design, develop, and operate safe, reliable, large-scale, hybrid renewable power projects optimized to better manage the intermittent nature of renewable energy. Its deep customer engagement process, team of proven power experts, and industry-leading prices empower customers to overcome challenging energy sustainability standards, rapidly changing grid dynamics, and the transition away from fossil fuel generation. To learn more, visit: www.brightnightpower.com

About SPPA
SPPA is a Joint Action Agency, authorized under Arizona state law, which manages through a formal pool all or most of its members' power resources and facilitates the supply of additional energy needed to meet their customers' loads. SPPA's Project Manager is Dennis Delaney, P.E., a Partner of K. R. Saline & Associates, PLC. To learn more, visit: SPPA.biz

About Cordelio Power
Cordelio is a renewable power producer that manages an operating portfolio of over 1,200 MW of renewable power assets in Canada and the USA. We also oversee a growth pipeline of over 10,000 MW of wind, solar and storage projects across the USA. Cordelio carries out its operations and growth activities by working with all stakeholders in an efficient, safe and environmentally responsible manner. Cordelio is wholly owned by the Canada Pension Plan Investment Board.

Forward Looking Statements & Information
Certain information contained in this news release constitutes forward-looking information or forward-looking statements (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward‐looking statements. Forward‐looking statements typically contain words such as "anticipate", "believe", "confirms", "continuous", "estimate", "expect", "may", "plan", "project", "should", "will", or similar words suggesting future outcomes, and include without limitation, all financial projections, estimates of future costs, and projected performance or results. Forward-looking statements by their nature are subject to risks, assumptions and uncertainties which may cause the actual outcomes of such events to differ from BrightNight's or Cordelio's expectation as of the date hereof, and whether forward-looking statements ultimately prove to be accurate will depend on factors outside of the control of BrightNight and Cordelio. Readers are encouraged to undertake their own analysis and investigation as to the reasonableness of any such forward-looking statements. Forward-looking statements contained in this news release are made as at the date of this news release and BrightNight and Cordelio disclaims any intent or obligation to update or to revise any of the included forward-looking statements.

SOURCE BrightNight