PsomasFMG Signs PPA For Solar Project In Orange County, Calif.

PsomasFMG says it has signed a power purchase agreement (PPA) valued at approximately $20 million with Orange County, Calif. Under the PPA, PsomasFMG will design, engineer, build, operate and maintain a solar power system of up to 4 MW.

The solar power system will feature photovoltaic panels mounted atop carport structures, as well as a ground-mounted system. The project is expected to be fully operational by fourth quarter of this year.

Over the term of the 20-year PPA, it is estimated that the county could save as much as $5.3 million from a 4 MW installation and by purchasing electricity from the system as compared to the expected costs for electricity supplied by Southern California Edison, Psomas FMG adds.

SOURCE: PsomasFMG

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