The company said that this significant commitment to photovoltaic technology will deliver cumulatively 1.65 billion kWh of renewable energy annually. This would be equivalent to the amount of energy needed to serve approximately 239,000 residential homes each year.
Pacific Gas and Electric Company (PG&E) entered into an agreement with Topaz Solar Farms, a subsidiary of OptiSolar, for 550MW of thin-film photovoltaic (PV) solar power. The utility also signed a contract with High Plains Ranch II, a subsidiary of SunPower, for 250MW of PV solar power.
Jack Keenan, COO and senior vice president for PG&E, said: These landmark agreements signal the arrival of utility-scale PV solar power that may be cost-competitive with solar thermal and wind energy. We will continue to explore such innovative technologies as we aggressively work to increase the amount of renewable energy we provide our customers.
