Con Edison Development acquires 140 MW of solar power projects

 Con Edison Development acquires 140 MW of solar power projects

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

Ranging in size from 20-MW to 25-MW, the projects acquired by Con Edison Development are located in Tulare, Kings and Fresno counties. 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, NYSE: PCG) for the remaining two.

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 U.S.

SolarReserve is a 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.

Subscribe to Power Engineering magazine



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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...