Sempra, ConEd extend solar ties
Sempra US Gas & Power and a unit of Consolidated Edison say they will extend their solar partnership to include five more projects in Nevada and California totaling 360MW on a 50-50 basis.
Terms of the new agreement were not disclosed.
The projects include Sempra’s 250MW Copper Mountain Solar 3 project near Las Vegas, and Consolidated Edison Development's CED California Holdings portfolio: the 50MW Alpaugh 50 facility, and Alpaugh North, White River 1 and Corcoran 1 units – 20MW each.
The companies expect regulatory approval in the second quarter covering the California solar plants.
CED California Holdings' plants have been operational since 2012, and are operated and maintained by Consolidated Edison Development.
Copper Mountain Solar 3 is currently under construction and, when completed in 2015, will be among the largest solar PV plants in the US. The first 125MW is scheduled for the fourth quarter this year. Sempra will operate and maintain the facility.
All five plants included in the partnership have long-term power off-take agreements.
"We are confident that this strategic approach to development of significant projects will benefit both parties, as well as the nation as a whole,” says Mark Noyes, vice president of Consolidated Edison Development.
Last year, the companies announced an agreement to partner in the 150MW Copper Mountain Solar 2 plant near Las Vegas, along with the 150MW Mesquite Solar 1 plant near Phoenix.
"This strategy allows us to continue to diversify our renewables portfolio, supporting our commitment to develop and invest in clean, forward-thinking energy solutions," says Kevin C. Sagara, vice president of renewables for Sempra US Gas & Power.