First Solar Signs Power Purchase Agreements for 40MW California Kingbird Solar Project

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First Solar signs 20-year power purchase agreements with the cities of Pasadena, Riverside, Colton, and Azusa for electricity to be generated at the 40MW (AC) Kingbird PV power plant in Kern County, California. With its PPA, the City of Pasadena will reach its goal of obtaining 40% of its power from Category 1 renewable energy.

 

 

First Solar (Nasdaq: FSLR) signed power purchase agreements (PPAs) with member cities of the Southern California Public Power Authority (SCPPA) for electricity to be generated at the 40MW (AC) Kingbird PV power plant in Kern County, California. The 320-acre project is located near Rosamond, in the Antelope Valley, and will developed and constructed by First Solar.

The cities of Pasadena, Riverside, Colton, and Azusa signed 20-year PPAs that will supply power from the solar plant to the cities’ municipal power utilities. With its 20MW (AC) PPA, the City of Pasadena will reach its goal of obtaining 40% of its power from Category 1 renewable energy. A separate 20MW (AC) PPA was jointly signed by Riverside, Colton, and Azusa.

“We are pleased to work with these municipal utilities to meet their renewable energy goals,” said Brian Kunz, First Solar’s Vice President of Project Development. “And we’re proud to know that the communities of Pasadena, Riverside, Colton, and Azusa will benefit from Kingbird’s clean electricity.” 

Depending on final permitting, construction of the project could start in mid-2014, and completion is expected in late 2015. The project will consists of approximately 700,000 solar panels, and is estimated to create up to 200 jobs at its peak. 

In its first year, Kingbird solar facility will produce enough energy to power more than 11,000 homes. The project will offset over 20,000 metric tons of CO2 annually, the equivalent of taking about 4,000 cars off the road each year, and displacing over 18,000 metric tons of water consumption annually.