Wednesday, 27 August 2014
Last updated 1 hour ago
Oct 16 2009 | 12:51pm ET
Pacific Gas and Electric Company (PG&E) has contracted with Agua Caliente Solar, LLC, a subsidiary of NextLight Renewable Power, LLC, for 290 megawatts (MW) of solar power to serve PG&E customers in Northern and Central California.
The agreement is one of several recently signed by the utility with independent developers for a total of 830MW of solar power.
The Agua Caliente project, to be located in Yuma County, Arizona, is PG&E's second major contract with a subsidiary of NextLight. In June, the companies announced an agreement for 230MW of solar power from a project in Antelope Valley, Calif. Both projects, subject to approval by the California Public Utilities Commission, will use photovoltaic panels to generate clean, renewable power.
The Agua Caliente project will deliver about 700 gigawatt-hours of energy per year, enough to serve the needs of more than 100,000 average homes. Initial deliveries are expected to begin in mid-2012, with the project becoming fully operational by late 2014.
"In keeping with state policy and our own commitment to a cleaner energy future, we continue aggressively to pursue additional sources of renewable power," said Fong Wan, senior vice president of energy procurement at PG&E, in a statement. "Our agreements with NextLight will help PG&E, and the state of California, show continued leadership in the development of solar power."
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation, is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in Northern and Central California.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...