Sempra, ConEdison to partner on 360 MW of U.S. solar PV projects

Sempra's Copper Mountain 3 is its fourth utility-scale PV plant in the region
Sempra's Copper Mountain 3 is its fourth utility-scale PV plant in the region

Sempra U.S. Gas & Power (San Diego, California, U.S.) and Consolidated Edison Development (ConEdison, Valhalla, New York, U.S.) have agreed to partner on five solar photovoltaic (PV) projects in the Western United States totaling 360 MW. Terms of the agreement were not disclosed.

The five projects include Sempra's 250 MW Copper Mountain Solar 3 project near Las Vegas in the U.S. state of Nevada, which is currently under construction. The other four projects totaling 100 MW are held by a subsidiary of ConEdison. All four are located in California and all are 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 Sempra VP of Renewables Kevin Sagara.

“This strategy allows us to continue to diversify our renewables portfolio, supporting our commitment to develop and invest in clean, forward-thinking energy solutions.”

Upon finalization of the agreements, Sempra & ConEdison will each hold 50% shares in the five projects.

 

First 125 MW of Copper Mountain 3 to come online in 2014

Sempra expects to complete the first 125 MW phase of Copper Mountain 3 in mid-2014, and the remaining 125 MW in 2015. The company will also provide operations & maintenance (O&M) services for the plant upon completion.

In 2013 Sempra and ConEdison partnered to build the 150 MW Copper Mountain 2 PV plant near Las Vegas, as well as the 150 MW Mesquite Solar 1 plant in the state of Arizona.

 

2014-03-24 | Courtesy: ConEdison | solarserver.com © Heindl Server GmbH

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