Sempra, ConEdison tie for 360MW
Duo to jointly develop five solar projects in Nevada and California
Sempra US Gas & Power and Consolidated Edison Development are to develop five solar projects in Nevada and California totalling 360MW under a 50:50 partnership.
The agreement includes Sempra’s 250MW Copper Mountain Solar 3 project near Las Vegas and ConEdison Development’s CED California Holdings portfolio.
The portfolio takes in the 50MW Alpaugh 50, 20MW Alpaugh North and 20MW White River 1 facilities in Tulare County and the 20MW Corcoran 1 in Kings County.
The output of the facilities has been sold under long-term contracts. The agreement relative to the CED California Holdings projects is subject to regulatory approvals, which are expected during the second quarter.
"We are pleased to partner with ConEdison Development as we continue to execute on our strategy to deconsolidate debt and re-invest proceeds in near-term growth opportunities," said Sempra U.S. Gas & Power vice president of renewables Kevin C Sagara.
ConEdison Development vice president Mark Noyes added: "Over the past year, ConEdison Development has established a good working relationship with Sempra US Gas & Power.
“As renewable power sources assume an ever-greater role in America's energy landscape, we are seeing first-hand the advantages of cooperating to deliver and operate large, viable and reliable projects."
Completion of the first 125MW phase at Copper Mountain Solar 3 is expected by year-end with the remaining 125MW slated for completion in 2015. Sempra US Gas & Power will provide operations and maintenance services when the facility is operational.
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. The terms of the agreement were not disclosed.
Image: the companies have teamed up on previous projects (ConEdison Development)