First Solar and Roseville, Calif. sign agreement for solar power

First Solar Roseville, Calif power purchase agreement Lost Hills photovoltaic PV Pacific Gas & Electric

First Solar Inc. (Nasdaq: FSLR) and Roseville, Calif. announced Tuesday they have signed a power purchase agreement for 32 MW of power from the Lost Hills photovoltaic plant. First Solar is developing the solar facility in Kern County, Calif., with construction expected to begin in early 2014.

The 10-year agreement is First Solar’s first PPA with a municipal utility. The agreement, which was approved by the Roseville City Council on July 17, becomes effective in 2015. Under the agreement, Roseville will receive 100 percent of the solar project’s output for the first four years of the agreement. In 2019, when a separate PPA between First Solar and Pacific Gas and Electric (NYSE: PCG) goes into effect, Roseville will begin receiving a smaller percentage of the output.

According Roseville Electric Utility Director Michelle Bertolino, the agreement will help the city reach the state’s requirement of using 33 percent renewable energy by 2020.

Read more contracts and projects news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...