Sempra and ConEdison go halves on 360MW of solar

Facebook
Twitter
LinkedIn
Reddit
Email

Sempra US Gas & Power and Consolidated Edison Development have announced they will partner on a 360MW solar portfolio in the US.

The pair will each take a 50% stake in the 250MW Copper Mountain 3 project near Las Vegas and the 50MW Alpaugh 50, 20MW Alpaugh North and 20MW White River 1 facilities in Tulare County, and the 20MW Corcoran 1 facility in Kings County, California.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“We are pleased to partner with Consolidated Edison Development on Sempra U.S. Gas & Power's largest solar project to date as we continue to execute on our strategy to deconsolidate debt and re-invest proceeds in near-term growth opportunities,” said Kevin C. Sagara, vice president of renewables and corporate development, Sempra US Gas & Power.

ConEdison Development, is a subsidiary of the utility Consolidated Edison, which has annual revenues of US$13 billion.

“As renewable power sources assume an ever-greater role in America's energy landscape, we are seeing first-hand the advantages of cooperating to deliver and operate large, viable and reliable projects,” said Mark Noyes, vice president of ConEdison Development. “We are confident that this strategic approach to development of significant projects will benefit both parties, as well as the nation as a whole.”

The electricity from all five have been sold under long-term contracts. Copper Mountain 3 is under construction with the first 125MW online by the end of this year and full operation expected in 2015.

The four projects in California have been operational since 2012.

Last year the pair each took a 50% stake in Copper Mountain 2 and the Mesquite Solar 1 plant near Phoenix, Arizona.

Read Next

July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
July 1, 2025
The UK government has released this week (30 June) its Solar Roadmap, which sets out practical measures to meet the country’s solar PV targets.
July 1, 2025
Solar developer ib vogt has sold a 110MW solar PV plant in Spain to international fund NextPower V ESG, which is operated by investment firm NextEnergy Capital (NEC).
July 1, 2025
French private equity firm Ardian Clean Energy Evergreen Fund (ACEEF) has bought 117 solar PV plants, worth 116MW of total capacity in several locations in Italy.
July 1, 2025
Swedish independent power producer (IPP) OX2 has begun operations at a 100MW solar PV plant in Poland, its first project as an IPP.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA