Under the agreement announced, NRG will, subject to certain conditions, assume
all ownership
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Solar Ranch. SunPower will continue to develop the project, and will design,
build, operate and maintain the solar power plant. Construction is expected to
start in the second half of 2011, with a portion of the project expected to
begin operating by the end of 2011 and the balance coming on line in 2012 and
2013. When fully operational, the solar power plant will help California achieve
its 33% renewable portfolio standard. The project is currently seeking a loan
guarantee from the U.S. Department of Energy's (DOE) Loan Guarantee Program
Office, which supports accelerated commercial use of innovative energy
technologies to help sustain economic growth, yield environmental benefits, and
produce
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DOE Loan Guarantee Program Office has provided a draft term sheet for the
California Valley Solar Ranch project, which is a significant milestone in the
process leading to a conditional loan guarantee commitment. "California Valley
Solar Ranch will be an important component of our multi-technology
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facilities," said Tom Doyle, president of NRG Solar. "We are pursuing
large-scale photovoltaic projects across the Southwest and working with
like-minded companies that can ensure our projects will be exceptionally
successful. SunPower has the proven technology and experience building solar
power plants around the world to deliver a well-designed solar project that will
be a major contributor
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ambitious renewable portfolio standard by the end of the decade." "This
partnership with NRG Solar and the DOE represents a major milestone in
delivering 250 megawatts of clean, renewable solar power to California's
electricity customers," said Howard Wenger, president of the utility and power
plants business group at SunPower. "For two years, SunPower has been working to
develop this project responsibly, with respect for the environment and the
community.
Par
lfm01 le vendredi 17 décembre 2010
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