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Created 2015-06-01
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Title Southern California Edison Signs 831 MW Of Solar PPAs
Description Img source:12v 200ah battery Southern California Edison (SCE) has signed power purchase agreements with SunPower Corp. and Fotowatio Renewable Ventures Inc. for more than 800 MW of solar-generated electricity that will go to the California power grid. The solar PV projects are located in California's Kern, Los Angeles and Merced counties.The three contracts with SunPower include 110 megawatts from Solar Star California XIII LLC, located in Los Banos, scheduled to be operational by Dec. 31, 2014; 325 MW from Solar Star California XIX LLC, located in Rosamond, scheduled to be operational by Oct. 31, 2016; and 276 MW from Solar Star California XX LLC, located in Rosamond, scheduled to be operational by Oct. 31, 2016. The four contracts with FRV include 60 MW from Regulus Solar LP, located in Lamont, scheduled to be operational by Dec. 31, 2013; 20 MW from Cygnus Solar LP, located in Arvin, scheduled to be operational by Sept. 30, 2013; 20 MW from Mojave Solar LP, located in Mojave, scheduled to be operational by Dec. 31, 2013; and 20 MW from Mojave Solar 4 LP, located in Lancaster, scheduled to be operational by Dec. 31, 2013.The projects, which will interconnect with existing and forthcoming transmission lines, are a result of SCE’s competitive renewables solicitation and contingent on approval by the California Public Utilities Commission. California-based Enphase Energy Inc. is issuing over 3.2 million shares of its common stock through current stockholders at $10.50 per share.The selling stockholders include entities affiliated with Bay Partners, KPCB Holdings, Madrone Partners, RockPort Capital Partners and Third Point LLC.The selling stockholders have granted the underwriters a 30-day option to purchase up to 482,476 additional shares of common stock to cover over-allotments, if any. The selling stockholders will receive all the proceeds from the offering. Enphase Energy will not receive any proceeds from the sale of common stock by the selling stockholders.Needham & Company LLC is acting as sole book-running manager. Roth Capital Partners and Northland Securities Inc. are acting as co-managers. The offering is expected to close on or about Aug. 19, subject to customary closing conditions. Lincoln Renewable Energy (LRE), a developer of solar and wind projects in the U.S., has closed a $14 million round of private funding, led by venture capital firm Austin Ventures. Other participants included private investors, as well as LRE management and founding investors.LRE says it will use the capital to continue developing utility-scale solar photovoltaic projects, as well as targeted early-stage wind power development. The company currently has projects under development in 11 states across the U.S.LRE recently announced site-plan approval for a $60 million solar farm in Salem County, N.J., in addition to another 10 MW project in neighboring Cumberland County, N.J. In early 2010, the company received a building permit for a 39 MW solar farm in southern Colorado's Alamosa County. LRE is also developing a 50 MW Homestead Solar project located on private land in Clark County, Nev., as well as projects in New Mexico and Texas. More information can be viewed:72v lithium battery pack
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