Silverado Power signs PPA with Pacific Gas and Electric for solar project

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Silverado Power signs PPA with Pacific Gas and Electric for solar project

Greentech Lead America: Silverado Power has signed a
power purchase agreement (PPA) with Pacific Gas and Electric (PG&E) for a
solar energy project in Lancaster, California.

The project will generate 20 megawatts of clean, domestic
power for distribution by PG&E. The contract term extends for 20 years.

“The Antelope Valley is an ideal location for solar
development given its natural resources, transmission infrastructure, and the
support of the local community and political leaders,” said Jim Howell,
executive vice president of Development for Silverado Power.

According to Silverado Power, California investor-owned
utilities are required to procure 33 percent of their power from
eligible-renewable resources by 2020. The PPA will be subject to approval by
the California Public Utilities Commission.

The PPA covers Silverado’s Western Antelope Blue Sky A
project, which is undergoing environmental review procedures. The project is
estimated to create approximately 75 jobs and provide enough power for about
4,300 homes.

Silverado Power develops utility scale solar photovoltaic
ground-mounted systems. The company is based in San Francisco, California and
has a large solar project portfolio. It is backed by the Martifer Group, a
multinational energy and infrastructure company.

“The Antelope Valley is creating a strong local
workforce to support this new green economy, and the region will benefit
greatly from Silverado’s job creation and economic investment impacts,”
Howell added.

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