| PG&E buying $900m Iberdrola wind project |
|
|
|
| Written by GTD Editor |
| Friday, 04 December 2009 10:29 |
|
The utility says it has a contract with Iberdrola to purchase and operate the Manzana Wind Project in the Tehachapi area of Eastern Kern County -- historically a California wind hot bed that is seeing resurgence in new project development. The deal would require approval from the California Public Utilities Commission. PG&E says the project could begin generating power by December 2011. California utilities must serve 33% of their electricity demand with renewable energy by 2020. To this point, PG&E has typically contracted to purchase electricity from third-party renewable generators, rather than owning projects itself. It is also pursuing 250MW of utility-owned solar photovoltaic, announced earlier this year and billed as “PG&E’s first direct investment in renewable generation in over a decade”. PG&E expects the Manzana project to cost ‘just over $900m,’ including payments to Iberdrola to develop and build the project. That would lead to a 1.1% increase in electricity rates in 2012 compared to 2009, or $0.25 a month on the average residential customer’s bill. The utility serves some 15 million people in northern and central California.
Set as favorite
Bookmark
Email this
Comments (0)
![]() Write comment
|
| Green News. Delivered. Daily Newsletter |
Sign up for our Daily News Briefing to win a new product each month from Tuwa.com!

Learn more about the Solio Charger from Tuwa.com!