EDF Renewables (EDF RE) today announced that Dominion (NYSE: D) will acquire the CID Solar Project. The asset sale agreement will close upon completion of installation, after which EDF RE will manage the commissioning and place the project in service.
CID Solar Project, located on 200 acres of private land in eastern Kings County, approximately two miles north of the City of Corcoran, California, was developed by EDF RE and is designed as a 27 megawatt peak (MWp) / 20 MWac ground-mount facility comprised of First Solar Series 3 solar photovoltaic modules with horizontal single-axis trackers. Construction commenced on June 12, 2014 with an anticipated date of operation in the Fall, 2014.
The project’s clean energy will be delivered to Pacific Gas and Electric Company (PG&E) under a 20-year Power Purchase Agreement (PPA). EDF Renewables and PG&E have a 24 year business relationship whereby 454 megawatts of renewable energy generation is provided to PG&E through nine projects.
“We are pleased to introduce Dominion to our asset sale activity and help diversify their generating portfolio with solar energy,” said Raphael Declercq, EDF Renewables’ Director of Divestiture and Portfolio Management. “The acquisition agreement was collaboratively structured in order to allow EDF RE to execute on its expertise as a project developer and construction manager while meeting the goals of our customer to grow their renewable energy asset portfolio.”
EDF Renewables is one of the largest renewable energy developers in North America with 5.7 gigawatts of wind, solar, biomass, and biogas projects in the project development portfolio.
Dominion es uno de los mayores productores y transportistas de energía del país, con una cartera de aproximadamente 23.600 megavatios de generación, 10.900 millas de tuberías de transmisión, recogida y almacenamiento de gas natural, y 6.400 millas de líneas de transmisión eléctrica. Dominion gestiona uno de los mayores sistemas de almacenamiento de gas natural del país, con 947.000 millones de pies cúbicos de capacidad de almacenamiento, y presta servicio a clientes de servicios públicos y minoristas de energía en 15 estados. Para más información sobre Dominion, visite www.dom.com.