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PG&E inks Oregon wind power deal with Horizon Wind Energy
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Pacific Gas & Electric Co. signed a long-term agreement to buy wind power from an Oregon wind farm under development by Horizon Wind Energy LLC, the third-largest owner of wind power projects in the country.
PG&E’s power purchase agreement, for 102.9 megawatts of wind power, is with Horizon subsidiary Arlington Wind Power Project LLC. Located in Gilliam County, Oregon, the Rattlesnake Road Wind Power Project is currently under construction and is expected to begin operation in the first quarter of 2009. Horizon will deliver 240 gigawatt hours of renewable wind energy annually to PG&E’s customers throughout Northern and Central California.
With this agreement, PG&E now has more than 1,213 megawatts of renewable wind energy under contract or delivered.
In 2007 Horizon became part of the Portugese utility Energias de Portugal SA after EDP agreed to acquire the wind power company from The Goldman Sachs Group.
Since 2002, PG&E has entered into contracts for more than 2,700 megawatts of renewable power and has contractual commitments for more than 20 percent of its future deliveries from renewable energy.
Under California’s Renewable Portfolio Standards, the state’s investor-owned utilities must have 20 percent of their power from renewable sources by 2010. The state is pushing to increase that amount to 33 percent by 2020 under the landmark Global Warming Solutions Act of 2006.
Tuesday, July 1, 2008
East Bay Business Times – by Mavis Scanlon Staff reporter
mscanlon@bizjournals.com | 925-598-1405
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