Quantum Acquires Power-Purchase Deal to Sell Guam Solar Energy

Quantum Utility Generation LLC, the independent power producer that’s planning to build a solar project in Guam, acquired a 25-year power-purchase agreement from Pacific Green Resources LLC.

The contract will let Quantum sell 7.75 megawatts of capacity from its project to Guam Power Authority, the Houston- based developer said today in a statement. Terms weren’t disclosed for the transaction, which closed April 25. The solar farm is expected to begin producing electricity next year.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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