Salt River Project, Iberdrola Sign PPA

Salt River Project (SRP) and Iberdrola Renewables have signed a 25-year power purchase agreement (PPA) for 20 MW of solar photovoltaic energy from a Pinal County, Ariz., facility. SRP will purchase all of the solar energy produced at the Copper Crossing Solar Ranch, which is expected to be online by June 2011.

SRP has purchased property located between Quail Run Lane and Attaway Road, and between Judd Road and Bella Vista Road, and will lease a portion of the property to Copper Crossing for the development of the solar facility. The property is adjacent to the Abel receiving station.

This is the third project collaboration between the two companies. The first collaboration was Phase 1 of the Dry Lake Wind Farm, which came online in October 2009, and the second was Phase 2 of the project, which is scheduled to be completed by early next year.

SOURCE: Iberdrola Renewables

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