Sempra, ConEdison partner on five solar projects
Sempra U.S. Gas & Power and Consolidated Edison (ConEdison) Development are partnering on five solar projects in Nevada and California, including Sempra's 250 MW Copper Mountain Solar 3 project near Las Vegas, and Consolidated Edison Development's CED California Holdings, LLC portfolio: the 50 MW Alpaugh 50, 20 MW Alpaugh North and 20 MW White River 1 facilities, all in Tulare County, as well as the 20 MW Corcoran 1 facility in Kings County.
Credit: Michael Adams/Wikimedia Commons
Upon finalizing the agreements, Sempra U.S. Gas & Power and Consolidated Edison Development will each own a 50 percent interest in the five solar facilities. The CED California Holdings projects are subject to regulatory approvals.
Copper Mountain Solar 3 is currently under construction and, when completed, will be among the largest photovoltaic solar plants in the U.S., creating about 300 construction jobs at peak. Completion of the first 125 MW is expected by the end of 2014, with the remaining 125 MW expected to be completed in 2015. Sempra U.S. Gas & Power will provide operations and maintenance services when the facility is operational.
"We are pleased to partner with Consolidated Edison Development on Sempra U.S. Gas & Power's largest solar project to date as we continue to execute on our strategy to deconsolidate debt and re-invest proceeds in near-term growth opportunities," said Kevin C. Sagara, vice president of renewables for Sempra U.S. Gas & Power. "This strategy allows us to continue to diversify our renewables portfolio, supporting our commitment to develop and invest in clean, forward-thinking energy solutions."
Last year, the companies announced a partnership on the 150 MW Copper Mountain Solar 2 plant near Las Vegas, as well as the 150 MW Mesquite Solar 1 plant near Phoenix.
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