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

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

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

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 1, 2025
London, UK