The 1.5 million customer strong power utility, LA Utility, is seeking bidders from developers for the delivery of 250 megawatts of solar power. This bid is in compliance with a California State requirement that 25% of the energy delivered should come from renewable sources by the end of 2016.
The Los Angeles Department of Water and Power is now planning to issue a request to submit proposals by June. According to Anh Wood, the board may approve contracts by the first quarter of 2014, as she herself manages three of the state utility's solar development programs.
There are four planned installations, with a total output of 250 megawatts of capacity, to be build on land at the utility company's Beacon project located in Kern County, CA. The land was purchased last December for US$31.5 million. The previous owners of the land was NextEra Energy Inc, who was the first firm to propose the development of the 250 megawatt solar thermal power plant back in 2008 according to data obtained by Bloomberg.
According to Wood, "We'll get good pricing from the sheer fact that this property already comes with all the environmental work that's already done. A lot of the liability that comes from project development is already taken care of."
Join the Conversation