PG&E to make “significant” investment in solar power for California

Facebook
Twitter
LinkedIn
Reddit
Email

A CNET news story published yesterday outlined Pacific Gas & Electric’s (PG&E) major plans for investment in solar energy for several Californian communities. The announcement was made at the Clean Tech Investor Summit, which has been taking place over the past two days in Palm Springs, California. PG&E’s CEO Peter Darbee is cited as having said that the company’s planned investment would be “significant”, and on a par with Southern California Edison’s solar program to spend $850 million over five years.

PG&E currently sources its clean energy from other providers, such as BrightSource and Ausra, but the company’s plans will involve building and owning solar installations in the state. The company envisages that it will own and operate panels and modules on the rooftops of commercial buildings and homes, and will bring California closer to meeting the stipulation that utilities acquire at least 33% of their electricity from renewable sources by 2020.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

“We will do a filing [with regulators] in the next quarter to make an equity investment in renewable energy,” said Mr. Darbee in the interview. “We are going to move to an equity investment because we have a tax appetite whereas so many other entities do not.”

Read Next

September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
The SPPC has launched a request for qualifications for 5.3GW of new renewable power capacity, of which solar will account for 3.1GW.
September 16, 2025
Chinese polysilicon producer GCL-Tech has entered into a strategic financing agreement with Infini Capital, a globally renowned investment institution backed by a Middle Eastern sovereign wealth fund.
Premium
September 16, 2025
At RE+, industry leaders pointed to the resilience of the US solar sector, despite challenges brought by the 'One Big, Beautiful Bill' Act.
September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA