Con Edison Development Acquires 140 MW of Solar Projects in California

Con Edison Development, a subsidiary of Consolidated Edison, acquired six solar photovoltaic projects totaling 140 MW from a PV project portfolio developed through a joint venture between SolarReserve, LLC, and GCL Solar Energy, Inc. (GCL). Ranging in size from 20 MW to 25 MW, the projects acquired by Con Edison Development are located in Tulare, Kings and Fresno counties and have the capacity to power approximately 25,000 homes. The projects are all fully permitted, with interconnection agreements in place. PPAs have been secured with Southern California Edison (SCE) for four of the projects and with Pacific Gas & Electric (PG&E) for the remaining two.