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Consolidated Edison Acquires 50% of Two Sempra Solar Projects

Consolidated Edison Inc. (ED) agreed to acquire stakes in two solar farms that Sempra Energy (SRE) is building in Nevada and Arizona.

The two companies will each own 50 percent of the 150-megawatt Copper Mountain 2 project near Las Vegas and the 150-megawatt Mesquite Solar 1 power plant near Phoenix, San Diego-based Sempra said in a statement today. Terms weren’t disclosed.

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

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