California Valley Solar Ranch - Power Purchase Agreement

Power Purchase Agreement

On August 14, 2008, Pacific Gas and Electric announced an agreement to buy all the power from the power plant. A Conditional Use Permit application for the project was filed with the County of San Luis Obispo Planning and Building Department on January 14, 2009. On November 30, 2010, NRG Energy announced that it would buy CVSR from SunPower for "up to $450 million". In September 2011, the Department of Energy (DOE) offered NRG Solar a $1.237 billion loan from the federal government to cover most of the construction cost. The total cost of the project is estimated to be $1.6 billion.

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Other articles related to "power purchase agreement, power, purchase, power purchase agreements":

Power Purchase Agreement - See Also
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Solar Energy In The United States - Incentives - States and Local - Power Purchase Agreement
... solar panel installation in return for a 25 year contract, or Power Purchase Agreement, to purchase electricity at a fixed price, normally set at or below current electric rates ... installed in the United States were installed using a power purchase agreement ... installed in the United States is in states that specifically address power purchase agreements ...

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