Solar developer Con Edison Development, a subsidiary of Consolidated Edison, has acquired a portfolio of six Californian solar PV projects totalling 140MW from a joint venture between global solar developer SolarReserve and GCL Solar Energy, a division of GCL-Poly Energy Holdings.
The projects, ranging in size from 20-25MW, are located in Tulare, Kings and Fresno counties and can power around 25,000 homes. They have interconnection agreements in place.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Power Purchase Agreements (PPAs) have been secured with Southern California Edison for four of the projects and with Pacific Gas & Electric for the other two.
Mark Noyes, seniour vice president and chief operating officer of Con Edison Development, said: “With the acquisition of these solar projects, Con Edison Development is significantly expanding the role we play in California’s dynamic, renewables sector.”
Fang Peng, president of GCL Solar Energy, said: “GCL is pleased to collaborate with Con Edison Development again, building upon a relationship established in 2012 when GCL developed and sold four central California utility projects to the company. GCL is committed to developing high-quality solar projects for investors and our own portfolio in North America and other international markets.”
