Engineering, procurement and construction (EPC) contracts are evolving as utilities seek to spread risks, contain costs, and execute their business strategies. As a result, turnkey contractors are...
developed, designed, and installed the system. IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or PPA – and globally has allocated $1.8 billion to invest in renewable energy through 2015.
Sempra U.S. Gas & Power dedicated the 150-MW first phase of the Mesquite Solar facility, located in Arlington, Ariz., about 40 miles west of Phoenix. Sempra says that when it’s complete, the Mesquite Solar Complex will be North America’s largest PV installation. Construction began in June 2011. Pacific Gas & Electric will purchase the output under a 20-year contract. With Mesquite 1, Sempra U.S. Gas & Power’s operating solar portfolio reaches 300 MW.
LS Power commissioned the Arlington Valley Solar II utility-scale installation in southwest Arizona. Kyocera Solar provided 25 MW of solar modules for the 127-MW PV installation. Block 1 of the five-section installation is now live, with the remaining sections expected to be completed in the fourth quarter of 2013. Once complete, the project’s 127-MW-generating capacity will place it among the largest solar PV installations in North America.
Imperial Irrigation District (IID) chose Abengoa for a power transmission project that includes the upgrade of a 230-kV transmission line, as well as substations in the state of California. The Path 42 project is part of a plan to extend the power network being developed by Imperial Irrigation District to increase its capacity and provide access to new sources of renewable energy in California. The contract involves reconductoring a total of 32 kilometers of a 230-kV transmission line, as well as the upgrade of existing substations, under a turnkey engineering procurement and construction (EPC) contract. The project is expected to take 12 months to complete and will be delivered to Imperial Irrigation District in April 2014.
Berkshire Hathaway subsidiary MidAmerican Energy Holdings and NV Energy reached a definitive acquisition agreement whereby MidAmerican will acquire NV Energy, which serves 1.3 million electric and natural gas customers in Nevada. Under the terms of the agreement, MidAmerican will purchase all outstanding shares of NV Energy’s common stock for $23.75 per share in cash. The transaction, which has been unanimously approved by both companies’ boards of directors, has an enterprise value of approximately $10 billion. Subject to customary closing conditions, the acquisition is expected to be completed in the first quarter of 2014.
Duke-American Transmission Co. completed its previously announced purchase from Atlantic Power of 72 percent of the capacity of Path 15 – an 84-mile, 500-kV transmission line in central California that connects the state’s northern and southern transmission grids. Pacific Gas & Electric owns 18 percent of the line’s capacity through its ownership and operation of the connecting Los Banos and Gates substations. The remaining 10 percent is owned by Western Area Power Administration, which will continue to operate and maintain the line.
CenterPoint Energy , OGE Energy , and ArcLight Capital Partners closed on the formation of the previously announced partnership that includes CenterPoint Energy’s interstate pipelines and field services businesses and the midstream business of OGE subsidiary Enogex. CenterPoint,