SDG&E Adds 300 New Megawatts of Renewable Energy to Rapidly Growing "Green" Portfolio
http://www.marketwatch.com/story/sdge-adds-300-new-megawatts-of-renewable-energy-to-rapidly-growing-green-portfolio-2012-02-16
SAN DIEGO, Feb. 16, 2012 /PRNewswire via COMTEX/ -- San Diego Gas & Electric (SDG&E) today announced that it has entered into two, long-term contracts to purchase 300 megawatts (MW) of renewable energy for its rapidly expanding portfolio of emissions free power.
The first of the new agreements is a 20-year contract to purchase 100 MW from Manzana Wind LLC, a 189 MW wind power facility currently under construction in the wind-rich Tehachapi region near Rosamond, Calif. Manzana Wind LLC, is a subsidiary of Iberdrola Renewables, Inc.
When completed in late 2012, the project will be comprised of 126, 1.5 MW wind turbines spread across 4,600 acres. The project represents a reduction in greenhouse gas emissions comparable to removing more than 21,500 cars off of California's roads for one year.
SDG&E also has announced signing a 25-year agreement to purchase 200 MW of energy from the Mount Signal Solar project in Imperial Valley, Calif. The transaction was conducted with a subsidiary of 8minutenergy Renewables of Folsom, Calif., which has a joint development agreement with AES Solar of Arlington Va., to develop and build Mount Signal Solar. The first 100 MW of energy from the photovoltaic solar energy facility is expected to be on-line by mid-2013 with project completion slated for late 2013. When completed, the project will be comprised of photovoltaic modules supported by single-axis tracking structures. The electric output will be transported to market along SDG&E's 117-mile Sunrise Powerlink transmission line that is currently under construction and slated for completion later this year.
<more>