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SECP moves on plan to build 5 solar projects
The Santa Ana-based developer partners with South Korea-based KISCO on the venture.
BY CASEY GOMEZPublished: June 22, 2010 09:49 AM
Santa Ana-based Sustainable Energy Capital Partners – or SECP – is partnering with South Korea-based KISCO Corp. on a venture that will allow the companies to develop up to five solar projects in Southern California.
The team has already secured a 20-year power purchase agreement with Southern California Edison for the first project – an 20-megawatt solar farm north of Palm Springs that will be built by Parsons Corp., an international engineering, construction, technical and management services firm. The additional four projects will be built in the San Bernardino area. None are currently planned for Orange County.
Construction is scheduled to begin on the first development in November, and the $80 million project should take six to nine months to complete.
“This project is the cornerstone of our company,” said Rick Lewis, managing director of SECP, which develops utility-scale renewable energy plants throughout North America and Asia. “We are thrilled to have experienced and highly respected companies such as KISCO and Parsons join us as our partners.”
KISCO – a company with roots in the steel manufacturing industry – manufactures thin-film PV modules. Its popular GETWATT module will be used in the solar projects it’s developing with SECP.
By the end of this year, utilities in California are required to generate one-fifth of their electricity from renewable sources and one-third by 2020. In compliance with these state requirements and with permission from state regulators, Edison International’s Southern California utility has developed contracts for 175 megawatts of renewable energy. SECP’s new solar farm will be one of six 20-megawatt solar farms that account for the largest of those contracts.
In addition to supplying renewable energy, Lewis said, the solar farm is expected to create more than 200 new jobs.
Related headlines
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The team has already secured a 20-year power purchase agreement with Southern California Edison for the first project – an 20-megawatt solar farm north of Palm Springs that will be built by Parsons Corp., an international engineering, construction, technical and management services firm. The additional four projects will be built in the San Bernardino area. None are currently planned for Orange County. Construction is scheduled to begin on the first development in November, and the $80 million project should take six to nine months to complete. “This project is the cornerstone of our company,” said Rick Lewis, managing director of SECP, which develops utility-scale renewable energy plants throughout North America and Asia. “We are thrilled to have experienced and highly respected companies such as KISCO and Parsons join us as our partners.” KISCO – a company with roots in the steel manufacturing industry – manufactures thin-film PV modules. Its popular GETWATT module will be used in the solar projects it’s developing with SECP. By the end of this year, utilities in California are required to generate one-fifth of their electricity from renewable sources and one-third by 2020. In compliance with these state requirements and with permission from state regulators, Edison International’s Southern California utility has developed contracts for 175 megawatts of renewable energy. SECP’s new solar farm will be one of six 20-megawatt solar farms that account for the largest of those contracts. In addition to supplying renewable energy, Lewis said, the solar farm is expected to create more than 200 new jobs. Related headlines Santiago Canyon College dedicates 60,000-square-foot science center Santa Ana-based Ingram Micro boosts its sustainability efforts Irvine-based GreenWave goes global |
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