Edison to Buy 457 Megawatts of Solar From 8minutenergy

Aug. 5 (Bloomberg) -- Edison International utility Southern California Edison agreed to purchase 457 megawatts of capacity from three 8minutenergy Renewables LLC solar projects in Southern California.

The company signed a 20-year contract for power from the 51-megawatt Borden Solar Farm in Madera County, Folsom, California-based 8minutenergy said today in an emailed statement. It will also buy energy from two projects in the Imperial Valley, the 154-megawatt Mount Signal Solar II and the 252-megawatt Mount Signal Solar V. Terms weren’t disclosed.

Silver Ridge Power LLC, which co-developed the Mount Signal projects, has the exclusive rights to acquire the two solar farms. Silver Ridge is a joint venture of SunEdison Inc. and Riverstone Holdings LLC.

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

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Jim Efstathiou Jr.