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.