Sempra U.S. Gas & Power and Consolidated Edison Development (ConEdison) became equal partners in two of Sempra U.S. Gas & Power's solar power facilities, the 150 megawatt Copper Mountain Solar 2 plant near Las Vegas and the 150 megawatt Mesquite Solar 1 plant near Phoenix. Under the terms of the joint-venture agreement, which was announced in May 2013, each company will own a 50% interest in each of the solar facilities. The terms of the transaction, however, were not disclosed.
Mesquite Solar 1, the first phase of the Sempra U.S. Gas & Power's Mesquite Solar Power complex located in Arlington, Arizona, was completed in late 2012. Mesquite Solar 1 generates enough clean electricity for about 56,000 homes. Power from the facility has been fully sold to Pacific Gas & Electric (PG&E) under a 20-year contract.
The first phase of Copper Mountain Solar 2 is also complete and is currently generating 92 megawatts of solar power. When the second phase is fully constructed (expected in 2015), the project's total operating capacity will be 150 megawatts. The solar power plant generates enough clean energy to power about 45,000 homes. Power from the facility has also been fully sold to PG&E under a 25-year contract.
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