State of California reaches 1,000 megawatts of solar power generation.
The California Public Utilities Commission has announced that from January to June of this year, more than 20 percent of the state’s electricity came from renewable generation. California increased their generation by more than 330 megawatts and the CPUC expects the state to reach more than 2,700 MW by the end of the year. The Commission acknowledges that the state’s Renewable Portfolio Standard, which requires the state to generate 33% of its power through clean sources by 2020, is the biggest motivation for pushing utilities to increase their renewable generation.
SunPower and PG&E Sign Contract for 100-Megawatt Henrietta Solar Project
SunPower Corp. has executed a new partnership with Pacific Gas and Electric (PG&E) for the development of a 100-megawatt Henrietta Solar Project in Kings County, California. When complete, the utility estimates that the solar project will supply enough power for approximately 36,000 average California homes. This deal is contingent on a CPUC approval and solar manufacturer’s ability to finalize all appropriate permitting. Construction is expected to start in 2015.
Bankruptcy judge clears way for Solyndra plan vote
Federal bankruptcy judge Mary Walrath has rules that creditors can begin voting on the proposed reorganization plan of failed Fremont California solar power firm Solyndra . Judge Walrath has approved the disclosure statement outlining Solyndra’s plan, that discloses that Argonaut Ventures I LLC and Madrone Partners LP could reap hundreds of millions of dollars in tax breaks after Solyndra emerges from bankruptcy. It is expected that the federal government will receive little, if any, of the $528 million loan that Solyndra was awarded from the DOE before filing for bankruptcy protection in 2011.