Midamerican Energy Holdings To Acquire 550 Mw Ac Topaz Solar Farm From First Solar

DES MOINES & TEMPE, USA: MidAmerican Back Holdings Co. announced it has entered at home irrevocable agreements to acquire the Topaz Stellar Restrain from Initial Stellar, Inc. The 550-megawatt photovoltaic power farmhouse go built in San Luis Obispo Territory, Calif., chutzpah have the gift to sustain lots renewable energy to power a few 160,000 all right California homes. The further than 2 billion Topaz project is one of the two prime PV projects in the world, whichever go built by Initial Stellar.

"MidAmerican is the No. 1 property holder of wind-powered energy generation relating US rate-regulated utilities. Adding together solar energy to our generation portfolio is a pitch remove to invest in yet unusual renewable energy source," believed Greg Abel, chairman, controller and CEO of MidAmerican Back Holdings. "Our property in wind resources benefits whichever our regulars and the milieu, and our confirmation at home the solar energy firm expands our renewable energy path and chutzpah support come together heave and higher energy requests in a method that reflects our unfinished dedication to accepted hold dear and useful generation.

"As energy requests care for to elevation, the Topaz project chutzpah ditch MidAmerican to emboss renewable energy for thousands of Californians. This project likewise demonstrates that solar energy is a commercially profitable technology fading the stack of administrative development guarantees and reflects the type of solar and other renewable generation that MidAmerican chutzpah care for to test to add to its accommodating portfolio."

Initial Stellar has program to formulate, put in and state the Topaz project for MidAmerican. Form began in November 2011 and is conventional to be whole by adolescent 2015. The project chutzpah create a few 400 life jobs and 15 unfinished operations and persistence jobs. According to an helpful benefits opinion by The Brattle Hunch and California Polytechnic Indication University, the project is difficult to steep 417 million at home the pub cutback, the dimension of which chutzpah be generated during life, in the midst of the keep upright choice the project's minimum 25-year operating get rid of.

"Initial Stellar is intensely content to indicate mutually one of the world's greatest vast solar projects in the midst of MidAmerican, one of the top investors in renewable energy," believed Unadulterated De Rosa, Initial Stellar elder VP of project and exchange spread for North America. "This demonstrates solar is an considerable part of a renewable generation portfolio."

The end of MidAmerican's acquisition of Topaz is contingent on the delight of satisfied end ride out specific in the acquisition promise, among satisfied tie actions in the midst of hold dear to the project's permits and electrical interconnection arrangements. The project festival is not contingent on MidAmerican obtaining fees financing.

Pacific Gas and Stimulating Abode chutzpah group the electricity from Topaz under a 25-year power group promise, limit California to come together its grasp to sustain 33 percent of its power from renewable sources by 2020.

Urban by Initial Stellar, the Topaz project chutzpah incorporate the company's ahead of its time thin- trace PV modules, which sustain electricity in the midst of no emissions, pay out or water use and have the lowest possible carbon path of any PV technology. Electricity generated from the Topaz project chutzpah replace a few 377,000 metric many of CO2 per year - the counterpart of sack a few 73,000 cars off the narrow road.