The California Public Utility Commission (CPUC) has voted to approve an amended agreement for Pacific Gas & Electric Co. (PG&E) to buy the output from the Rice solar project, which is being developed by SolarReserve, for 25 years.
The 150 MW Rice project, to be located near Rice, Calif., will incorporate SolarReserve's molten-salt energy storage system. A previous power purchase agreement was approved in 2010, but the company changed the project's point of interconnection in 2011, according to documents on the CPUC's website.
Commission members reportedly still expressed concerns about project costs.
‘This is expensive, there's no getting around it, but I think this technology is something that's worth investing in,’ said CPUC Commissioner Mike Florio during the meeting, according to Bloomberg. The project's energy storage features helped SolarReserve and PG&E make the case for PPA approval.