PG&E Signs Historic 800 MW Photovoltaic Solar Power Agreements With OptiSolar and SunPower
Pacific Gas and Electric
Company today announced it has entered into two utility-scale, photovoltaic
(PV) solar power contracts for a total of 800 megawatts (MW) of renewable
energy. This significant commitment to photovoltaic technology will deliver
cumulatively 1.65 billion kilowatt-hours of renewable energy annually. This
would be equivalent to the amount of energy needed to serve approximately
239,000 residential homes each year.
PG&E entered into an agreement with Topaz Solar Farms LLC, a subsidiary of
, for 550 MW of thin-film PV solar power. The utility also
signed a contract with High Plains Ranch II, LLC, a subsidiary of SunPower
, for 250 MW of high-efficiency PV solar power.
"These landmark agreements signal the arrival of utility-scale PV solar
power that may be cost-competitive with solar thermal and wind energy," said
Jack Keenan, chief operating officer and senior vice president for PG&E
. "We will continue to explore such innovative technologies as we aggressively work
to increase the amount of renewable energy we provide our customers."
Utility-scale PV solar projects feature photovoltaic solar modules, which
convert sunlight directly into electricity and produce the greatest amounts of
power during the afternoons, when electricity demand is high. Both projects
are contingent upon the extension of the federal investment tax credit for
renewable energy and processes to expedite transmission needs.
Over the past six years, PG&E has entered into contracts for more than
3,600 MW of renewable power, including solar contracts that total more than
2,500 MW. PG&E now has contractual commitments for more than 24 percent of its
future power deliveries from renewables, including wind, biomass and
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