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PG&E Signs Solar Power Deal in California

PORTLAND, Ore. ( Clean Edge) -- PG&E( (PCG - Get Report)PG&E) signed a solar power contract for California, increasing the amount of renewable energy serving the northern and central regions of the state.

The agreement with Agua Caliente Solar, a subsidiary of NextLight Renewable Power is for 290 MW of power, bringing contracts with independent solar power developers to a total of 830 MW.

The Agua Caliente project, to be located in Yuma County Ariz., is PG&E's second major contract with a subsidiary of NextLight. In June, the companies announced an agreement for 230 MW of solar power from a project in Antelope Valley Calif. Both projects, which are subject to approval by the California Public Utilities Commission, will use photovoltaic panels to generate clean, renewable power.

The Agua Caliente project will deliver about 700 gigawatt-hours of energy per year, enough to serve the needs of more than 100,000 average homes. Initial deliveries are expected to begin in mid-2012, with the project becoming fully operational by late 2014.

Clean Edge, Inc., founded in 2000, is the world's first research and publishing firm devoted to the clean-tech sector. The company, via its publications, events, and online services, helps companies, investors, and governments understand and profit from clean technologies. Clean Edge, with offices in the San Francisco Bay Area and Portland Oregon, offers insight and intelligence on emerging clean-tech trends, opportunities, and challenges. The company publishes a range of reports including the annual Clean Energy Trends and Clean Tech Job Trends report series; hosts the annual Clean-Tech Investor Summit (along with IBF); maintains a number of benchmark clean-tech stock indices with NASDAQ OMX including CELS, QGRD, and QWND; and produces Clean Edge Jobs, a leading online jobs board for clean-tech job seekers, employers, and recruiters. To keep abreast of the latest clean-tech news; access industry reports; learn more about our services; or sign up for our free e-newsletters; visit CleanEdge.com.

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