GE Energy Financial Services invests in EDF Renewable Energy’s solar plant in California

By Editor

Share

GE Energy Financial Services, in partnership with Citi, Union Bank and Metropolitan Life Insurance Company, has completed an equity investment in EDF Renewable Energy’s Catalina Solar plant, California.

The investment contributes GE Energy Financial Services’ one–gigawatt, $1.5 billion solar investment commitments, comprising over 50 installations, GE said.

The solar plant spreads across 1,100 acres of sunny and windy Mojave Desert land southwest of the Tehachapi Mountains in Rosamond, California.

EDF Renewable Services is providing long-term operations and maintenance for the project. Financial details of the transactions were not disclosed.

Ge Energy financial Services

Catalina Solar includes over 1.1 million thin-film PV solar modules from First Solar and Solar Frontier.

The project’s clean energy, provided to San Diego Gas & Electric Company, is estimated to power the equivalent of 35,000 homes annually and offset 250,000 metric tons of greenhouse gas emissions, improving overall air quality and contributing to California’s Renewable Portfolio Standards.

Kevin Walsh, manager director and head of Power and Renewable Energy at GE Energy Financial Services, said, “EDF Renewable Energy has proven to be an excellent partner on Catalina Solar and other projects we have done together, a partner that shares our commitment to delivering reliable, productive and economic renewable energy projects.”

[email protected]

Latest News

Related