Con Edison Development buys solar power projects from SolarReserve, GCL

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Con Edison Development, a unit of Consolidated Edison, bought six shovel-ready solar photovoltaic (PV) projects totaling 140 MW DC from a PV project portfolio developed through a joint venture between SolarReserve and GCL Solar Energy.

The acquisition adds to Con Edison Development’s existing portfolio of solar projects in California and to its overall renewable energy asset base around the United States. SolarReserve is a leading global developer of utility-scale solar power projects and advanced solar thermal technology.

GCL Solar Energy is the U.S. solar power development and IPP division of GCL-Poly Energy Holdings, a polysilicon and wafer supplier.

Ranging in size from 20 MW DC to 25 MW DC, the projects acquired by Con Edison Development are located in Tulare, Kings and Fresno counties and have the capacity to power about 25,000 homes. The projects are all fully permitted, with interconnection agreements in place.

Power purchase agreements have been secured with Southern California Edison (SCE) for four of the projects and with Pacific Gas & Electric (PG&E) for the remaining two.

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