Sempra U.S. Gas & Power and Consolidated Edison Development Thursday announced agreements to partner in five solar projects in Nevada and California.
The projects include Sempra U.S. Gas & Power's 250-megawatt (MW) Copper Mountain Solar 3 project near Las Vegas, and Consolidated Edison Development's CED California Holdings LLC portfolio: the 50-MW Alpaugh 50, 20-MW Alpaugh North and 20-MW White River 1 facilities in Tulare County, and the 20-MW Corcoran 1 facility in Kings County.
The renewable power from all of the projects has been sold under long-term contracts.
Upon finalization of the agreements, Sempra U.S. Gas & Power and Consolidated Edison Development holding companies will each own a 50 percent interest in the five solar facilities. The agreement relative to the CED California Holdings LLC projects is subject to regulatory approvals, which are expected during the second quarter of 2014.