Economic and Workforce Development
One of R-REP’s main objectives is to generate local economic activity and create jobs within the nine county San Francisco Bay Area. The results of an IMPLAN analysis found that 839 jobs in Alameda, Contra Costa, San Mateo and Santa Clara Counties would be created as a result of the initiative if all 186 sites are developed. Click below to view the jobs reports on R-REP.
"This outstanding collaboration highlights several of our priorities here in Alameda County, including sustainability and green energy production, as well as productive partnerships that enable us to maximize the return on the tax dollars we invest."
Susan S. Muranishi, Alameda County Administrator
Bay Area local governments have made it a priority to invest in renewable sources of energy that contribute to a cleaner environment for our communities. By collaborating together in R-REP, Bay Area local governments are moving closer to their climate action goals for greenhouse gas (GHG) reduction for 2020 and beyond. R-REP has the potential to reduce over 17 Million pounds of CO2 every year, the equivalent GHG storage of over 207,000 trees if all R-REP projects are developed. The investment of long term renewable energy systems is just another way R-REP public agencies are committed to reducing our global footprint on the environment.
Through this unique regional collaboration, R-REP was able to achieve economies of scale that resulted in significant cost savings for public agencies. The collaborative procurement achieved price savings, on average, that was 17-45% below market comparables. The total net benefit under cash acquisition for all sites that received bids is approximately $108.8 million. If sites are developed under a PPA (3rd party financing), the total 25 year net benefit for all sites that received bids is estimated at $51.8 million.
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