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PG&E Agrees to Buy Power From California Solar Project

Nov. 26 (Bloomberg) -- PG&E Corp., owner of California’s largest utility, agreed to buy power from a 15-megawatt solar project under development in southern California.

8minutenergy Renewables LLC and Saferay Inc. will sell power from the Woodmere Solar Farm in Kern County, California, to PG&E once the plant is completed in December 2015, Folsom, California-based 8minutenergy said today in an e-mailed statement. The company expects to start construction next year.

The 20-year contract must be approved by the California Public Utilities Commission. Terms weren’t disclosed.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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