sPower, headquartered in Salt Lake City, today announced that Pacific Gas and Electric Company (PG&E) recently awarded the leading renewable energy provider 20-year Power Purchase Agreement (PPA) contracts for three new solar projects in California.
The three facilities, named Bayshore A, B and C, located in Lancaster, California, will be constructed and commissioned in 2017. When fully operational, the Bayshore cluster will generate enough clean, renewable energy to power more than 11,000 Californian homes and is expected to reduce carbon emissions by 124,000 metric tons annually – the equivalent of taking more than 26,000 cars off the road .
”We are excited to expand our relationship with PG&E to a total of more than 100 megawatts of solar, helping them achieve their goals to deliver safe, reliable, clean energy to their customers,” said Ryan Creamer, sPower CEO. “We admire PG&E’s leadership in clean power transformation efforts and are pleased to be able to be a part of the process.”
sPower projects put hundreds of people to work, create real and lasting benefits for local communities and deliver renewable energy to California homes at competitive prices.
California renewable portfolio standard policy requires utilities to source a third of their electricity from renewable sources by 2020. Earlier this year, PG&E announced that they are well ahead of schedule, having already reached nearly 30% -- maintaining the utility’s position as a national front-runner in greenhouse gas reductions.About sPower: sPower, an AES and AIMCo company, is the largest private owner of operating solar assets in the United States. sPower owns and operates a portfolio of solar and wind assets greater than 1.3 GW and has a development pipeline of more than 10 GW. sPower is owned by a joint venture partnership between The AES Corporation (NYSE: AES), a worldwide energy company headquartered in Arlington, Virginia, and the Alberta Investment Management Corporation, one of Canada’s largest and most diversified institutional investment fund managers.