PG&E Signs Solar Power Deal in California

PORTLAND, Ore. (Clean Edge) -- PG&E((PCG Quote)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.

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