Southern Company subsidiary Southern Power, acquired a controlling interest in the 200- MW Tranquillity Solar Facility in California from Recurrent Energy, a subsidiary of Canadian Solar Inc. Recurrent Energy is constructing the facility and will retain the remaining interest in the project. Construction began in July, with Signal Energy Constructors managing the engineering, procurement and construction of the facility.
Southern California Edison
Southern California Edison (SCE) integrated an estimated 1,118 MW of demand response resources into California's wholesale energy markets. These programs serve SCE's residential, commercial and industrial customers who, in exchange for bill reductions, have agreed to reduce their energy consumption when called upon to do so.
NRG Yield, through its subsidiary NRG Yield Operating, entered into an agreement with GE Energy Financial Services to acquire its 25 percent interest in the Desert Sunlight Solar Farm in Riverside, CA for $285 million, subject to customary working capital adjustments, plus the assumption of $287.4 million of non-recourse project level debt.
SunEdison was awarded contracts to build 33 MW of rooftop solar with Southern California Edison (SCE). SCE will purchase the electricity from 17 rooftop solar systems through 20-year PPA. TerraForm Power intends to acquire these projects from SunEdison upon completion. Operation and maintenance of the solar power plants will be performed by SunEdison Services. The solar power plants are scheduled to be operational in 2016.
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.
AES Southland was awarded a 20-year PPA by Southern California Edison (SCE), to provide 100 MW of interconnected battery-based energy storage, a 200-MW flexible power resource. This new capacity can deliver 400 MWh of energy and will be built south of Los Angeles at the Alamitos Power Center in Long Beach, California. This selection is an outcome of SCE’s 2013 Local Capacity Requirements Request for Offer (RFO), a competitive solicitation for new power capacity in the Western Los Angeles Basin.
New energy economy also relies on some old fossil friends.
It has not been public investments in sustainable fuels and modern tools that have led to the re-awakening of the U.S. economy. Rather, it’s been mostly private investment in shale gas development that has led to new capital formation, infrastructure development and jobs galore.
Google agreed to provide $145 million in equity financing for the Regulus, SunEdison's largest developed and constructed project in North America. Located in Kern County, Calif., the Regulus plant will begin operation later this year, and will supply power to Southern California Edison through a 20-year PPA.
MidAmerican Solar and SunPower installed the one millionth photovoltaic module at the Solar Star projects, co-located in Kern and Los Angeles counties in California. When complete, the 579-MW projects will have more than 1.7 million modules installed. The first solar module was installed in March 2013. The Solar Star projects are owned by MidAmerican Solar and are being constructed by SunPower, which also will provide operations and maintenance services.
First Solar completed the sale of the 250-MW Silver State South Solar Project to a subsidiary of NextEra Energy Resources. Terms of the transaction were not disclosed. The project is adjacent to the 50MWAC Silver State North Project, which was developed and built by First Solar and commissioned in 2012. First Solar developed and designed the Silver State South project, and will provide EPC services to NextEra.