Folsom, CA and Greenwich, CT – July 11, 2011 – Solar Gen 2 LLC (Solar Gen), a private solar development firm, announced today the execution of a 25-year, 150-megawatt (MW) power purchase agreement (PPA) with San Diego Gas & Electric (SDG&E). The photovoltaic solar project consists of three separate 50-MW sites where construction should begin during the first quarter of 2012 and expects to be completed by the third quarter of 2012 (Solar Project). The Solar Project is located on private, fallowed land in the Imperial County, California.
“With SDG&E’s development of the Sunrise line, we and other renewable developers can take advantage of the Imperial County’s vast solar resources to benefit all of California,” said Steve Zaminski, chief executive officer of Solar Gen 2. “We are pleased and grateful for the confidence placed in us by both SDG&E and the Imperial Irrigation District (IID). This project would not be possible without the leadership and vision of SDG&E’s and IID’s board and management.”
“The clean energy from this project will get delivered to our customers and the Southern California region using the capacity of the Sunrise Powerlink,” said James P. Avery, SDG&E’s senior vice president of power supply. “With this agreement, we are broadening our partnership with the IID and helping to benefit the economy of the Imperial Valley — a true win-win all around.”
Once built, the Solar Project will provide enough electricity to power as many as 56,000 homes, generating power during the hottest part of the day when electricity demand is the highest.
“This purchase power agreement is an important step in the growth and development of the renewable energy industry in the IID service area, said Kevin Kelley, general manager of the Imperial Irrigation District. The district looks forward to working with Solar Gen and SDG&E to bring this project to fruition.”
The Solar Project is expected to provide approximately 300 construction jobs and more than 30 permanent jobs in Imperial County, Calif., where the unemployment rate is approximately 30 percent, among the highest in the nation. Imperial County also provides one of the best solar resources in the world. The facilities will also reduce yearly carbon emissions by an amount equal to displacing over 21,000 cars.
About Solar Gen 2 LLC
Solar Gen is a solar development company focused on developing and acquiring solar projects in North America and with offices in El Centro, CA, Folsom, CA and Greenwich, CT. We are committed to providing sustainable, green energy for an energy independent North America. More information is available at www.solargen2.com.
About San Diego Gas & Electric
San Diego Gas & Electric (SDGE) is a regulated public utility that provides service to 3.5 million consumers in San Diego and southern Orange counties. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
About the Imperial Irrigation District
The Imperial Irrigation District (IID) is a publicly-owned utility that provides power and water services to its customers since its formation in 1911. More information is available at www.iid.com.