Three California Solar PPAs Announced for Silverado Power
Silverado Power has announced signing new power purchase agreements (PPA) with Southern California Edison for three solar energy projects in Victorville, Calif. Each project will generate 2 MW of clean power. The agreements will extend for 20 years. 
The development of these projects will contribute toward meeting California’s aggressive renewable energy mandates. Utilities are required to procure 33 percent of their power from renewable resources by 2020.
“Our approach to solar development is to invest the time and attention upfront to ensure that we have the highest quality project sites and highest quality bids for utility contracts,” said John Cheney, Chief Executive Officer for Silverado Power. “We focus on choosing the right sites for our projects by locating in areas that are near existing transmission and that have minimal biological, environmental or cultural concerns. This helps minimize project impacts, keep costs low, and leads us to a high project success rate.”
Silverado Power is a developer of utility scale solar photovoltaic ground-mounted systems. The company has received support for its projects in Fresno, Los Angeles and San Bernardino counties from community groups, business organizations, workforce development interests, environmental advocates and educational institutions. Its projects will help provide clean power for customers in Southern California Edison’s territory, which reaches more than 14 million people within central, coastal and southern California.
Silverado Power’s three new PPAs are for projects in Victorville that are currently going through the permitting process and environmental review procedures. The three projects are estimated to come online by the end of 2013 and will have a total generating capacity of 6 megawatts, which is enough electricity to power over 1,000 homes. The projects are estimated to create 40 construction jobs.
Silverado Power is based in San Francisco, California and has a large solar project portfolio. It is backed by the Martifer Group, a multinational energy and infrastructure company.
“We are excited to develop quality projects at competitive pricing — that is good for customers and good for the environment. Furthermore, these projects will be constructed in an area that will benefit greatly from the new job creation and economic investment impacts,” added Cheney.
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