Bloomberg News

Sempra and Con Edison Sharing Ownership of Five U.S. Solar Farms

March 20, 2014

Sempra Energy (SRE:US) and Consolidated Edison Inc. (ED:US) agreed to jointly own and operate five solar farms in California and Nevada that will have a total capacity of 360 megawatts.

Each company will own 50 percent of the power plants, which all have long-term contracts to sell the electricity, San Diego-based Sempra said today in a statement.

The deal comprises Sempra’s 250-megawatt Copper Mountain Solar 3 plant that’s under construction near Las Vegas and four Con Edison sites the went into operation in 2012, the largest of which has 50 megawatts of capacity. Terms weren’t disclosed.

Con Edison agreed in May to buy half of two Sempra projects, the 150-megawatt Copper Mountain Solar 2 site in Nevada and a 150-megawatt solar farm in Arizona.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Tina Davis


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Companies Mentioned

  • SRE
    (Sempra Energy)
    • $105.07 USD
    • -0.31
    • -0.3%
  • ED
    (Consolidated Edison Inc)
    • $56.94 USD
    • 0.28
    • 0.49%
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