North Coast Solar Stocks

June 17, 2009

SCE signs contracts for over 900 MW of renewable energy

Filed under: EIX — Tags: , , , , — Jason @ 2:15 pm

6/17/2009 2:15:17 PM

ROSEMEAD, CALIF.: Edison International (EIX) electric utility Southern California Edison has signed agreements with wind and solar suppliers for up to 960 MW of renewable power.

The recent agreements, subject to approval of the California Public Utilities Commission, include two contracts with Solar Millennium for a potential 726 MW of power from solar-thermal trough generators. When complete, those projects call for two 242 MW facilities with the option to expand one to include an additional 242 MW. The projects would be located in Blythe, Calif., and Ridgecrest, Calif., and are expected to come on line in 2013 and 2014.

Other recent renewable power contracts, both scheduled to come on line in the fourth quarter of 2010, include an agreement with Columbia Energy Partners for 40 MW of wind power, expandable to 104 MW, in Central Oregon; and one with BP Wind Energy and Ridgeline Energy, LLC for 90 MW of wind power, expandable to 130 MW, in Southeast Idaho.

To date, SCE has executed 12 contracts from the 2008 renewable solicitation representing potential annual deliveries of more than 6.5 billion kWh per year. In addition, SCE is in the process of preparing to issue the 2009 renewable solicitation with an expected launch date by the end of June.

Around 16 percent of SCE’s total energy portfolio comes from geothermal, wind, solar, small hydro and biomass resources. SCE delivered 65 percent of the U.S.’s solar energy to its customers in 2008.

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