Utility ConEdison takes 50% stake in 335MW DC California PV plant

Facebook
Twitter
LinkedIn
Reddit
Email

ConEdison Development, a subsidiary of mammoth US utility company ConEdison developing and operating solar and wind power projects, has acquired a 50% stake in a 335MW DC solar farm in California.

ConEdison Development has bought the stake in Panoche Valley Solar Farm in San Benito County, California, from Renewable Energy Trust Capital Inc, (RET Capital) a specialist low-cost financier of renewable energy projects. Financial details have not been disclosed.

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

RET Capital was the sole owner, having invested in the plant early on, and ConEdison will now provide construction management as well as operations and maintenance, with the two partners now owning an equal share of the project’s ownership.

Construction on the 335 MW DC (240 MW AC) power plant is expected to commence by the end of this year. It will require 1.1 million PV panels and is around 140 miles southeast of San Francisco.

“America is steadily increasing its reliance on solar and wind energy, and our company is proud to be playing an increasingly significant role in boosting our country’s clean energy capabilities,” Mark Noyes, COO and senior VP of ConEdison said.

Reporting from the Solar Power International industry convention in Anaheim this week, PV Tech’s Ben Willis wrote that one of the recurring themes of the show was the growing involvement of utilities in solar. 

According to sources at the event, the US public is choosing to adopt solar in such great numbers and demonstrating an appetite for solar that utilities are increasingly having little choice but to embrace the clean energy technology. In addition to ConEdison and others, Florida Power & Light, a subsidiary of NextEra Energy, this week laid out its aim to develop 225MW of PV in Florida by the end of 2016.

Acceptance by utilities is a “tremendous sea change” from the previous situation where there seemed to be more hostility towards PV from electricity companies, Tony Clifford, chief exec of Standard Solar said, while pointing out that challenges remain

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
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