Pacific Gas and Electric (PG&E), the San Francisco utility and one of the country’s leading buyer of solar and wind power, a long-term power purchase agreement�with NextLight Renewable Power for the output of�its 290 megawatts Agua Caliente solar project in Arizona.
Construction on�Agua Caliente, located in Yuma County, will start next year. The plant is set to begin operating in 2014.
That’s the second PPA PG&E inks with NextLight. In June the investor-owned utility agreed to buy the output of NextLight’s 230 megawatts, AV Solar Ranch 1 project, a PV facility being developed in Los Angeles County�s Antelope Valley.
NextLight is backed by Energy Capital Partners, a clean energy-focused�private equity fund based�in Short Hills, N.J., founded by former Goldman Sachs energy banker Doug Kimmelman.