Pacific Gas and Electric Co., a unit of PG&E Corp. (PCG), announced that it has entered into contracts with subsidiaries of NextEra Energy Resources and Abengoa Solar for delivery of a total of 500 megawatts or of clean solar power. The agreements are among several solar deals recently signed by the utility with independent developers for a total of 830 megawatts.
NextEra's proposed Genesis Solar Energy Project consists of two 125 megawatts units to be located on a site managed by the U.S. Bureau of Land Management in Riverside County, Calif. The project is scheduled to come online in two phases, the first 125 megawatts in 2013 and the second 125 megawatts in 2014. It is expected to deliver about 560 gigawatt-hours of energy per year, as much as the annual consumption of more than 80,000 average homes.
Abengoa Solar's proposed 250 megawatts Mojave Solar project is to be located at Harper Lake in San Bernardino County. The project will deliver more than 600 gigawatt-hours of energy per year, enough to serve the needs of about 90 thousand average homes. The project is scheduled to become fully operational by late 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.