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.
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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.”
