Sempra, Consolidated Edison to partner on 360MW of US solar projects

23 March 2014 (Last Updated March 23rd, 2014 18:30)

Sempra US Gas & Power and Consolidated Edison Development have agreed to partner on five solar projects in the US states of Nevada and California, totalling 360MW.

Sempra

Sempra US Gas & Power and Consolidated Edison Development have agreed to partner on five solar projects in the US states of Nevada and California, totalling 360MW.

The agreement includes Sempra's 250MW Copper Mountain Solar 3 project near Las Vegas and ConEdison Development's CED California Holdings portfolio.

CED's portfolio consists of the 50MW Alpaugh 50, 20MW Alpaugh North and 20MW White River 1 facilities in Tulare County, and the 20MW Corcoran 1 facility in Kings County.

The output of the facilities has been sold under long-term contracts and the deal relating to the CED California Holdings projects is subject to regulatory approvals, which are expected during the second quarter of 2014.

Upon completion, Sempra US Gas & Power and Consolidated Edison will each own a 50% stake in the five solar facilities.

CED vice-president Mark Noyes said as renewable power sources assume an ever-greater role in America's energy landscape, the company is seeing first-hand the advantages of cooperating to deliver and operate large, viable and reliable projects.

"Sempra US Gas & Power and Consolidated Edison will each own a 50% stake in the five solar facilities."

"We are confident that this strategic approach to development of significant projects will benefit both parties, as well as the nation as a whole," Noyes said.

Completion of the first 125MW phase at Copper Mountain Solar 3 is anticipated by the end of 2014 while the remaining 125MW scheduled for completion in 2015.

Sempra US Gas & Power will provide operations and maintenance services when the facility is operational.

In 2013, Sempra and Consolidated Edison agreed to partner on the 150MW Copper Mountain Solar 2 plant near Las Vegas and the 150MW Mesquite Solar 1 plant near Phoenix in the US.


Image: Sempra US Gas & Power and Consolidated Edison will partner on five US solar projects. Photo: courtesy of FreeDigitalPhotos.net.

Nri