Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

PG&E Approved to Buy Power From 100-Megawatt SunPower Solar Farm

April 4 (Bloomberg) -- PG&E Corp., the owner of California’s largest utility, received approval from regulators to buy power from a 100-megawatt solar farm that SunPower Corp. plans to build in the state.

The California Public Utilities Commission approved the 20-year deal in a meeting today in San Francisco. The price wasn’t disclosed.

SunPower’s Henrietta Solar project near Lemoore Station, California, about 35 miles (56 kilometers) south of Fresno, is expected to begin producing power in October 2016, according to a commission filing. The contract will help PG&E comply with a state law that requires utilities to obtain a quarter of their energy from renewable sources by 2016 and a third by 2020.

Link to Company News:{PCG US <Equity> CN <GO>} Link to Company News:{SPWR US <Equity> CN <GO>}

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.