Pacific Gas and Electric Co., a subsidiary of PG & E Corp. (PCG), said that it has contracted with Agua Caliente Solar LLC, a subsidiary of NextLight Renewable Power LLC, for 290 megawatts of solar power to serve PG&E's customers in Northern and Central California.
The agreement is one of several recently signed by the utility with independent developers for a total of 830 MW of solar power, the company said.
The Agua Caliente project, to be located in Yuma County, Ariz., is PG&E's second major contract with a subsidiary of NextLight.
In June, the companies signed an agreement for 230 MW of solar power from a project in Antelope Valley, Calif.
Both projects, which are subject to approval by the California Public Utilities Commission, will use photovoltaic panels to generate clean, renewable power.
The Agua Caliente project will deliver about 700 gigawatt-hours of energy per year, enough to serve the needs of more than 100,000 average homes. Initial deliveries are expected to begin in mid-2012, with the project becoming fully operational by late 2014.
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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.