Dive Summary:
- SunEdison announced a 25-year power purchase agreement to deliver 20 megawatts to Riverside, California via the city's municipal electric utility, Riverside Public Utilities.
- SunEdison will begin construction on the North Lake I solar plant beginning in 2014 and expect to deliver power in 2015.
- The company was also awarded three power purchase agreements totaling 48 megawatts by Southern California Edison and 18.5 megawatts by San Diego Gas and Electric.
From the article:
Riverside is among the first of California’s municipal utilities to enter into a utility-scale solar contract of this size. Under Senate Bill X 1-2, California extended its Renewable Portfolio Standards program goal to 33% and included publicly-owned utilities such as Riverside.
SunEdison plans to begin construction on the project in 2014 and begin delivering power in 2015. ...