Abengoa Yield (Nasdaq: ABY), the sustainable total return company that owns a diversified portfolio of contracted assets in the energy and environment sectors, marked the commencement of commercial operations at the Mojave solar power plant with a grand opening ceremony Jan. 23. The new facility boasts a gross capacity of 280 MW and is located 90 miles northeast of Los Angeles, near Barstow, California.
Mojave will provide enough renewable energy to serve approximately 91,000 households in California, according to the company. The solar plant will also contribute to California's goal of achieving 33 percent of overall electricity production from renewable sources by 2020.
Under an existing power purchase agreement Mojave will provide energy to Pacific Gas & Electric Company (PG&E) for the next 25 years.
The project has generated thousands of jobs, peaking at over 2,200 positions in the construction phase. Currently, it permanently employs about 70 people in operation and maintenance activities. Additionally, the direct and indirect job creation throughout its supply chain has been estimated at thousands of positions spanning throughout the US.