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APS Seeks New Solar Energy Project

Stocks in this article: PNW

Arizona Public Service Co. announces a Request for Proposal (RFP) from solar developers and installers to construct a 32-megawatt (MW) solar photovoltaic facility in Gila Bend, Ariz. This project will be financed by APS through the company’s AZ Sun Program.

The RFP will commence on August 22; interested parties are encouraged to participate in a bidder’s webinar on August 29. Additional information about the webinar and the RFP is available online at aps.com/rfp.

Projects must employ commercially proven technology. When completed in 2014, the new solar facility, part of the AZ Sun Program, will be owned and operated by APS and is expected to provide electricity to more than 8,000 Arizona homes.

With AZ Sun, APS is investing in the development of 200 MW of solar photovoltaic power plants across Arizona. APS is partnering with third-party developers and equipment providers to design and construct the facilities, increasing the opportunity for more developers to participate since project financing is provided by APS.

The five-year AZ Sun program, which was approved by the Arizona Corporation Commission, is expected to have at least eight solar facilities on-line by the end of 2015 and create more than 2,000 Arizona construction jobs.

APS, Arizona’s largest and longest-serving electricity utility, serves more than 1.1 million customers in 11 of the state’s 15 counties. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp. (NYSE: PNW).



Copyright Business Wire 2010

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