Utility-Scale Solar Power Coming To U.S. Via PG&E

August 21, 2008

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Here’s a Wall Street Journal video on the two utility-scale, photovoltaic solar power contracts for a total of 800 megawatts of renewable energy that Pacific Gas and Electric Company recently announced.

The systems will deliver cumulatively 1.65 billion kilowatt-hours of renewable energy annually. The equivalent to the amount of energy needed to serve approximately 239,000 residential homes each year.

PG&E entered into an agreement with Topaz Solar Farms LLC, a subsidiary of OptiSolar Inc., for 550 MW of thin-film PV solar power. The utility also signed a contract with High Plains Ranch II, LLC, a subsidiary of SunPower Corporation (Nasdaq: SPWR), for 250 MW of high-efficiency PV solar power.

Both projects are contingent upon the extension of the federal investment tax credit for renewable energy and processes to expedite transmission needs.

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