US-based MidAmerican Solar has agreed to acquire two solar projects with a combined installed capacity of 579MW in Antelope Valley, California from solar panels producer SunPower.
The company is a subsidiary of MidAmerican Renewables, which is in turn a part of MidAmerican Energy Holdings Company owned by US investor Warren Buffet and marks the third foray into the renewable space by the much-celebrated investor since the beginning of 2012.
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The solar projects are co-located in Kern and Los Angeles Counties, spread across a 3,230 acre site and employ SunPower’sproprietary Oasis Power Plant products.
The company will also provide engineering, procurement and construction services to products in addition to handling the operationsand maintenance.
Southern California Edison (SCE) will procure the electricity produced at the two farms under two long-term power purchase agreements that have been approved by the California Public Utilities Commission.
Commenting on the acquisitions MidAmerican Renewables president Bill Fehrman termed the two projects consistent with the company’s principle of environmental respect.
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By GlobalDataMidAmerican Solar president Paul Caudill further added, "We are pleased to be working with SunPower on this development and look forward to establishing a mutually beneficial relationship with Southern California Edison as our customer for energy generated by this project."
Construction at the projects is scheduled to commence during first quarter 2013 and conclude by the end of 2015.
The projects will help reduce a combined 775,000 tons of carbon dioxide per annum through the course of their operational-lives.
