Jun 24 2010
Sustainable Energy Capital Partners (SECP), a renewable energy projects developer, has established a joint venture collaboration with KISCO Corporation for building solar farms in large sizes in southern California.
This joint venture provides both companies with the opportunity for jointly developing up to a maximum of five solar projects, while incorporating KISCO Corporation as one among the module suppliers. KISCO Corporation is a provider of GETWATT thin-film PV modules.
Southern California Edison (SCE) has given a power purchase agreement spanning 20 years for developing a 20 MW solar farm, which is the first farm developed under this joint venture. The contract for building this project has been given to Parsons Corporation, an international company with expertise in engineering, construction and management services. The construction is likely to start during the latter half of 2010 and is likely to create several jobs for the domestic community.
Rick Lewis, Managing Director of SECP, opined that the company’s mission is to provide clean, affordable as well as sustainable electricity. He also added that the project is essential to the company and is glad to partner with firms such as Parsons Corporation and KISCO Corporation.
Californian utilities are required to produce 20% of their electrical energy from renewable resources by 2010 and around 33% by the year 2020. In 2008 alone, SCE supplied over 65% of the clean, solar energy generated in the U.S. for its customers.