PG&E Tripling Amount of Solar Power From Sempra’s Nevada Plant

PG&E Corp., owner of California’s largest electric utility, agreed to triple the amount of solar power it will buy from a project Sempra Energy is building in Nevada.

PG&E will buy 150 megawatts from Sempra’s Copper Mountain Solar 2 project located in Boulder City, Nevada, under a 25-year power contract, the San Francisco-based company said in a statement today.

Sempra is expanding its 48-megawatt Copper Mountain Solar 1 project, the largest photovoltaic plant in the U.S., the San Diego-based company said in a statement. Sempra expects to build 1,000 megawatts of renewable capacity by 2015, Chief Executive Jeffrey W. Martin said in the statement.

The first 92 megawatts of Solar 2 are expected to be installed by January 2013, with the remaining 58 scheduled by 2015, the companies said in the statement.

First Solar Inc., the world’s largest maker of thin-film panels, will also build the second phase of the project, the Tempe, Arizona-based company said in a statement. The ground-mounted panels will be installed in phases starting in early 2012.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE